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Fujitsu to take over Germany’s GK Software for about 432 million euros
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TOKYO (Reuters) – Japan’s Fujitsu Ltd said on Wednesday that it will launch a takeover offer to acquire German cloud services provider GK Software SE for about 432 million euros ($460.04 million).
TOKYO (Reuters) – Japan’s Fujitsu Ltd said on Wednesday that it will launch a takeover offer to acquire German cloud services provider GK Software SE for about 432 million euros ($460.04 million).
Under the deal, Fujitsu, which has already secured 40.65% of the shares of GK Software from the German company’s top investors, will acquire remaining shares for 190.00 euros per a share.
The takeover offer is expected to close by July 2023, Fujitsu said in a statement.
($1 = 0.9391 euros)
(Reporting by Mariko Katsumura, Editing by Louise Heavens)
Frequently Asked Questions about Fujitsu to take over Germany’s GK Software for about 432 million euros
1What is an acquisition?
An acquisition is a corporate action in which one company purchases most or all of another company's shares to gain control of that company.
2What is a takeover?
A takeover is the process by which one company takes control of another company, often through the purchase of its shares.
3What is a cloud service provider?
A cloud service provider is a company that offers network services, infrastructure, or business applications in the cloud.
4What is a share?
A share is a unit of ownership in a company or financial asset, representing a claim on part of the company's assets and earnings.
5What is a financial statement?
A financial statement is a formal record of the financial activities and position of a business, person, or entity.
