Wednesday, May 09, 2007
Fujitsu to buy SAP?
SAP closed 0.57 eur, or 1.63 pct, higher at 35.63 eur amid market speculation Japan's Fujitsu is preparing a 48 eur a share bid for the German business software maker.
'I can't confirm the name but we're seeing a lot of interest on the back of the rumour,' said a London-based dealer.
Commentators said a bid for SAP would allow Fujitsu to gain a foothold in Europe by giving them the opportunity to bundle their hardware with the German company's software and sell the package via SAP's distribution network.
An SAP spokesman declined to comment on the matter.
From: http://www.forbes.com/markets/feeds/afx/2007/05/09/afx3702867.html
'I can't confirm the name but we're seeing a lot of interest on the back of the rumour,' said a London-based dealer.
Commentators said a bid for SAP would allow Fujitsu to gain a foothold in Europe by giving them the opportunity to bundle their hardware with the German company's software and sell the package via SAP's distribution network.
An SAP spokesman declined to comment on the matter.
From: http://www.forbes.com/markets/feeds/afx/2007/05/09/afx3702867.html
Labels: SAP Fujitsu acquisition
