Market Overview

Informatica Secures 97.58% of All Outstanding German Listed Heiler Shares

At the end of the expiration of the additional
acceptance period on December 11, 2012, Informatica Deutschland AG
secured 97.58 percent of all outstanding shares of German-listed
Heiler Software AG (excluding treasury shares).
Informatica Deutschland AG is an indirect wholly-owned subsidiary
of U.S.-based Informatica Corporation (NASDAQ: INFA), the world's
number one independent leader in data integration software.Informatica thereby successfully concluded the
voluntary public takeover offer ("Offer") that had been announced
on October 1, 2012 and had been subject to the offer condition of a
minimum acceptance level of 67.5 percent of all outstanding shares
of Heiler Software AG as well as other offer conditions, which had
been satisfied at the end of the acceptance period.Both the management board and the supervisory
board of Heiler Software AG supported the Offer. In their joint
statement published on October 29, 2012, both boards recommended
that Heiler shareholders accept it.The takeover offer is only the first step in the
process to combine Heiler's business with Informatica's.
Informatica intends to take further integration steps under German
laws, which may not be complete until mid-to-late 2013. Informatica
intends to combine Heiler's PIM solutions with its broader MDM
business in order to offer customers better functionality and a
more comprehensive range of services than many

See full press release

Posted-In: News Guidance Contracts M&A Global

 

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