SAP AG (SAP, SAP.XE) again extended its tender offer to acquire
SuccessFactors Inc. (SFSF) for another week as the companies await
approval from the Committee on Foreign Investment in the U.S.
The German software company has extended the deadline by a week
twice before for the same reason.
SAP in December offered to buy the online human-resources
software provider for $40 a share, or roughly $3.4 billion. The new
tender deadline is Feb. 8. As of Wednesday at 5 p.m. EST, about
86.9% of SuccessFactors' shares outstanding had been tendered.
SuccessFactors, based in San Mateo, Calif., offers online
services that help manage employees and carry out performance
reviews.
SAP's American depositary shares closed Wednesday at $61.45,
while SuccessFactors' shares closed at $39.84. Neither was active
premarket.
-By Lauren Pollock, Dow Jones Newswires; 212-416-2356;
lauren.pollock@dowjones.com
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