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TECHNOLOGY: SAP Receives Reg Approval For WalkMe Acquisition; Not A Spread Mover

TECHNOLOGY

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  • In early June SAP agreed to buy WalkMe for USD 1.5bn in cash at a price of USD 14/share, representing a 45% premium to the prior close with a scheduled close in Q3.
  • Q2 results saw a net liquidity position of EUR 3.7bn so there is room below the 0.5x leverage target for such deals.

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