Still Time for Sybase to be Picked Up by SAP

Friday Jul 2nd 2010 by DatabaseJournal.com Staff
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SAP Extends Offer to Acquire Sybase, Inc. SAP has announced that, through subsidiary Sheffield Acquisition Corp., has extended its cash tender offer for all outstanding shares of common stock of Sybase, Inc.

Due to certain unmet conditions, the expiration date of Sheffield Acquisition Corp.’s cash tender offer for all outstanding shares of Sybase, Inc. common stock has been moved back to 9:00 p.m. New York City time on July 16, 2010. Sheffield is an indirectly wholly-owned subsidiary of SAP, and is offering $65.00 for each share of Sybase common stock.
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