| SAP has all regulatory approvals for Business Objects |
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| Business Objects News |
| Thursday, 06 December 2007 01:40 |
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PARIS, Nov. 29, 2007 (Thomson Financial delivered by Newstex) -- SAP AG (NYSE:SAP) said it has obtained all regulatory approvals relating to its friendly takeover offer for Business Objects (NASDAQ:BOBJ) SA. As previously announced, SAP received the green light of the US antitrust authorities on Nov 6 and then the EU on Nov 27. The German group said it also obtained the authorisation of the French finance ministry on Nov 22 and that of French stock market regulator AMF on Nov 27. In an indicative timetable for its takeover offer, SAP said it plans to launch its tender offers in France and the US on Dec 4, with the French offer to close on Jan 10 and the US one on Jan 15. The AMF and bourse operator Euronext will publish a final timetable prior to the launch, SAP said. The German group reiterated that the success of its offer is conditional on it acquiring at least 50.01 pct of Business Objects' voting rights, on a fully diluted basis. SAP agreed in October a 42 Euros a share offer with Business Objects in a deal worth over 4.8 bln eur. Copyright Thomson Financial News Limited 2007. All rights reserved. |

