SAP Buying Sybase For $5.8 Billion
May 12, 2010 Company News, Mergers & Acquisition
German business software maker SAP (SAP) is buying Sybase (SY) for $65 a share or a total of $5.8 billion. In late day trading during the regular session, shares of Sybase started rallying, ending the day at $56.14, up $14.57 or 35.05% on rumors that the company is a takeover candidate. The stock is up another $8.36 to $64.50 in after hours trading.
Sybase Shares Rallying On Takeover Rumors
May 12, 2010 Mergers & Acquisition, Stock to watch
Shares of software maker Sybase (SYB) are rallying 39% on rumors the company might be a takeover candidate. The stock is up $16.19 to $57.76 a 38.95% gain at 3:35 PM.
Tags: acquisition, merger, sybase, takeover
