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Results of SAP France's offer for Business Objects

26 Feb '08

3 min read

As the securities not tendered into the offers represent not more than 5% of the share capital (including outstanding shares and shares likely to result from the conversion of the Business Objects ORNANEs) or voting rights of Business Objects, SAP France will request the implementation of a squeeze-out of the shares and ORNANEs held by minority shareholders.

The AMF is expected to announce the date of implementation of such squeeze-out within the next several days. Trading of Business Objects securities on Euronext has been suspended as of the publication by the AMF of the results of the subsequent offering period, and Business Objects securities will be delisted from Euronext upon implementation of the squeeze-out.

Business Objects also announces its intention to terminate voluntarily its listing of ADSs on the NASDAQ Global Select Market effective February 15, 2008 or shortly thereafter.

Trading of Business Objects ADSs on NASDAQ will be suspended as of February 6, 2008. As previously disclosed, Business Objects plans to terminate the registration of its ordinary shares and ADSs under the Securities Exchange Act of 1934 if and when it becomes eligible to do so.

SAP is the world's leading provider of business software, more than 46,100 customers in more than 120 countries run SAP applications—from distinct solutions addressing the needs of small businesses and midsize companies to suite offerings for global organizations. Powered by the SAP NetWeaver technology platform to drive innovation and enable business change, SAP software helps enterprises of all sizes around the world improve customer relationships, enhance partner collaboration and create efficiencies across their supply chains and business operations.

Business Objects has been a pioneer in business intelligence since the dawn of the category. Today, as the world's leading BI Software Company, Business Objects transforms the way the world works through intelligent information.

Business Objects S.A.

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