SAP Draws Mixed Reviews For Sybase Acquisition

SAP AG (SAP, SAP.XE) drew mixed reviews from Wall Street analysts Thursday for the company's plan to purchase business software vendor Sybase Inc. (SY) for $5.8 billion in cash.

The German software giant announced the deal late Wednesday. SAP agreed to pay $65 a share for Sybase, handing the Dublin, Calif., maker of mobile and database software, a premium of more than 55% over its trading price before rumors of the deal spiked the shares of Sybase Wednesday afternoon.

American-listed Shares of SAP were down 26 cents to $44.66 while those of Sybase were up $8.23, or 14.7%, at $64.37.

Read Full Article from Wall Street Journal

- Posted: 2010-05-13 10:58:10

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