Silver Lake to Acquire Germany’s Software AG for €30 a Share

Photographer: Krisztian Bocsi/Bloomberg

Private equity firm Silver Lake Management has agreed to acquire Germany’s Software AG for €30 a share in cash, valuing the company at about €2.2 billion ($2.4 billion).

Software AG’s supervisory and management boards are supportive of the offerBloomberg Terminal, the company said in a statement. It represents a 50% premium to Friday’s closing share price.