By David Sachs

Deutsche Boerse said it received positive support for its friendly takeover offer of SimCorp and will move ahead with the buyout.

The German exchange operator said on Wednesday that its all-cash voluntary takeover of the Danish software company received preliminary acceptances of around 91% of share capital and voting rights, and that it will complete the mandated acquisition of remaining shares.

The deal is worth $4.3 billion, the Wall Street Journal reported in April. Investors use SimCorp software to track stocks, bonds and other securities, and the acquisition will give Deutsche Boerse more presence in data and analytics.

Deutsche Boerse said it will report the final result of the offer by Sept. 22.

Write to David Sachs at david.sachs@wsj.com

(END) Dow Jones Newswires

September 20, 2023 08:07 ET (12:07 GMT)

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