SAP Completes Ariba Acquisition, Ariba Will be Delisted
SAP AG (NYSE: SAP) today announced that it has completed its acquisition of Ariba, Inc. (NASDAQ: ARBA). All outstanding shares of Ariba (other than shares held by stockholders that have properly and validly perfected their appraisal rights under Delaware law) were converted into the right to receive $45.00 per share in cash, without interest and less any applicable withholding of taxes. Ariba has notified The Nasdaq Stock Market of the completion of the acquisition and expects trading of its common stock to be suspended pending delisting of such shares.
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