SAP and Ariba Receive Hart-Scott-Rodino Second Request

SAP AG (NYSE: SAP) and Ariba, Inc. (Nasdaq: ARBA) today announced that they are responding to a second request for information from the U.S. Department of Justice regarding SAP's pending acquisition of Ariba. The second request is part of the regulatory approval process under the Hart-Scott-Rodino Anti-Trust Improvements Act. SAP and Ariba intend to continue to work with the Department of Justice and, upon the conclusion of the waiting period following compliance with the request, anticipate completion of the transaction in the fourth quarter 2012 calendar year.

(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.