December 16, 2011: SAP commences previously announced cash tender offer to acquire Success Factors,Inc
SAP AG (NYSE: SAP), through a wholly-owned subsidiary, is commencing today its previously announced all cash tender offer to acquire all outstanding shares of common stock of SuccessFactors, Inc. (NYSE: SFSF) for $40.00 per share, without interest and less any applicable withholding taxes. The tender offer is being made pursuant to an Offer to Purchase, dated December 16, 2011, and in connection with an Agreement and Plan of Merger dated as of December 3, 2011 (the “Merger Agreement”). SAP and SuccessFactors first announced this transaction on December 3, 2011.
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