Software AG seen as takeover candidate
Software AG, the listed German IT and software group, could be a takeover target, Euro am Sonntag reported, without naming sources. The German magazine said that the group has a strong product portfolio, a stable cash flow, and currently has a moderate market valuation. The article added that Software AG is not regularly mentioned as a potential takeover target because the private foundation of the group's founder Peter M. Schnell, still holds a stake of roughly 30%. While the general opinion is that the private foundation, which uses its profits for charitable purposes, will never sell its stake, the report highlighted that a sale could earn a premium higher than the dividend payments. Euro am Sonntag noted that Software AG saw both its turnover and income drop in fiscal 2012.
Software AG has a market cap of EUR 2.379bn.
Source Euro am Sonntag