SAP SE

M&A Activity • Sep 25, 2014

News Details

Other Capital Market Information | 25 September 2014 17:49

SAP SE: Release according to Article 30e of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

SAP SE / Third country release according to Article 30e Para. 1, No. 3 of the WpHG [the German Securities Trading Act]

25.09.2014 17:49

Dissemination of a Post-admission Duties announcement according to Article 30e Para. 1 No. 3 WpHG, transmitted by
DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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With ad hoc announcement dated September 18, 2014, SAP SE announced that
SAP SE's subsidiary, SAP America, Inc., has entered into an agreement to
acquire Concur Technologies, Inc., Bellevue, Washington, USA ('Concur').

The Concur board of directors has unanimously approved the transaction,
which is expected to close in the fourth quarter 2014 or the first quarter
2015, subject to Concur stockholder approval, clearances by the relevant
regulatory authorities and other customary closing conditions. The
per-share purchase price of USD 129 represents a 20% premium over the
September 17 closing price, a 21% premium over the one month volume
weighted average price per share and an enterprise value of approximately
USD 8.3 billion. The transaction will be funded from a credit facility
agreement of up to EUR 7 billion to cover the purchase price, target debt
refinancing and acquisition-related costs.

In connection with the acquisition of Concur, SAP SE has filed with the
U.S. Securities and Exchange Commission ('SEC') the following documents:

On September 19, 2014:

(1) Eight Schedules 14A containing proxy soliciting materials consisting
of:

• 'Joint press release issued by SAP SE and Concur, Inc. dated September
  18, 2014'
• 'FAQ by SAP for Concur Employees'
• 'E-mail of Bill McDermott to all SAP employees'
• 'Transcript of video interview with Steven Singh and Bill McDermott'
• 'E-mail of Robert Enslin and letter to customer'
• 'Transcript of Financial Analyst and Media Conference Call'
• 'Tweet and Blog of Bill McDermott'
• 'FAQ for Ariba/TOD/Fieldglass: SAP's acquisition of Concur Technologies,
  Inc.'

(2) A Form 6-K including the following Exhibit:

• 'Exhibit 99.1: Joint Press Release issued by SAP and Concur dated
  September 18, 2014'

(3) A duplicate Form 6-K including the following Exhibit:

• 'Exhibit 99.1: Joint Press Release issued by SAP and Concur dated
  September 18, 2014'

The abovementioned documents filed with the SEC are available on the
corporate website of SAP SE at:
http://www.sap.com/corporate-en/about/investors/newsandreports/acquisition
s/concur/index.html

25.09.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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Language: English
Company: SAP SE
Dietmar-Hopp-Allee 16
69190 Walldorf
Germany
Internet: www.sap.com

End of Announcement DGAP News-Service

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