WalkMe Shares Surge Premarket on Deal to Be Acquired by SAP
By Colin Kellaher
Shares of WalkMe jumped more than 40% in premarket trading Wednesday after the digital adoption platform agreed to be acquired by German software group SAP for about $1.5 billion.
SAP said it would pay $14 a share in cash for WalkMe, a 45% premium to Tuesday's closing price for the Tel Aviv, Israel, company.
The deal is slated to close in the third quarter.
WalkMe shares were recently up 42% to $13.70 in premarket trading.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
June 05, 2024 06:09 ET (10:09 GMT)
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