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Results of SAP France's offer for Business Objects
Feb '08
SAP France S.A. (SAP) and Business Objects S.A. announce that the French Autorité des marchés financiers (AMF) published the definitive results of SAP France's offers for Business Objects after the subsequent offering period.

These results indicate that during the subsequent offering period SAP France acquired a total of 5,786,569 Business Objects shares (including 274,907 shares that had not been delivered to SAP France as of February 4) through market purchases on Euronext pursuant to the decentralized part of the French offer and 2,925,140 Business Objects shares and 1,010 Business Objects bonds convertible or exchangeable into new or existing shares (ORNANEs) tendered into the centralized part of the French offer.

Additionally, in the U.S. offer, SAP France acquired 2,323,359 Business Objects American depositary shares (ADSs). When combined with the Business Objects securities tendered into the offers during the initial offering periods, these results indicate that SAP France directly holds an aggregate of 95.35% of the outstanding Business Objects shares (including shares represented by ADSs but excluding the 274,907 shares that had not yet been delivered to SAP France as of February 4), 99.77% of the outstanding ORNANEs and 100% of the outstanding Business Objects warrants, and indirectly holds, through the inclusion of treasury shares held by Business Objects, 97.10% of outstanding Business Objects shares (including shares represented by ADSs).

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