Altair Signs Definitive Agreement with Siemens to be Acquired for $10.6 Billion [Financial Post (Toronto, Ontario, Canada)]
SIEMENS AG SPONS ADR (SIEGY)
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Source: Financial Post
Altair Stockholders to Receive $113 Per Share in Cash TROY, Mich., Oct. 30, 2024 (GLOBE NEWSWIRE) — Altair (Nasdaq: ALTR), a global leader in computational intelligence, today announced that it has entered into a definitive agreement to be acquired by Siemens, a leading technology company focused on industry, infrastructure, mobility, and healthcare. Altair stockholders will receive $113.00 per share in cash, representing an equity value of approximately $10.6 billion. The $113.00 per share cash consideration represents a 19% premium to the closing price of Altair common stock on October 21, 2024, the last trading day prior to media speculation regarding a potential transaction, and a 13% premium to Altair's unaffected all-time high closing price. “This acquisition represents the culmination of nearly 40 years in which Altair has grown from a startup in Detroit to a world-class software and technology company. We have added thousands of customers globally in manufacturing, life
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SIEGY
Analyst Actions
- 10/5/24 - Citigroup Inc.
SIEGY
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- 11/14/24 - Form 13F-HR
- 8/30/24 - Form N-PX
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