SAP AG: AGREEMENT ON FRIENDLY TAKEOVER OF BUSINESS OBJECTS S.A. BY SAP AG / OFFER PRICE 42.00 EUR PER SHARE (AD HOC NEWS)Tender Offer Agreement • October 9th, 2007 • Sap Aktiengesellschaft Systems Applications Products in Data • Services-prepackaged software
Walldorf/Germany — October 07, 2007 — SAP AG and Business Objects S.A. have, with the approval of the supervisory board of SAP AG and the board of directors (conseil d’administration) of Business Objects S.A., today concluded an agreement (the “Tender Offer Agreement”) regarding the friendly takeover of Business Objects S.A. by SAP AG supported by the board of directors of Business Objects S.A.. The takeover is to take the form of a tender offer under French law and a parallel tender offer under US law aiming at the acquisition of all Business Objects S.A. shares and all American Depositary Shares representing shares in Business Objects S.A. (the “ADS”), as well as all convertible bonds issued by Business Objects S.A. (the “Convertible Bonds”) and all warrants issued by Business Objects S.A. (the “Warrants”). Under the terms and conditions of the tender offer agreement, SAP will make a cash offer of € 42.00 per ordinary share and for American Depositary Shares (ADS) at the US$ equivale
