Deals
Silver Lake Bumps Software AG Bid After Bain Emerges as Competitor
- Private equity firm boosts offer €2 to €32 after renegotiation
- Bain proposes bid of around €34/share, according to sources
Photographer: Wolfgang von Brauchitsch/Bloomberg
Silver Lake Management said it had boosted its offer for Software AG to €32 per share after Bain Capital submitted a takeover proposal.
Silver Lake and Software AG disclosed in a statement late Thursday that they’d agreed to the higher offer price, which improves on the earlier bid of €30 apiece.