Altair Signs Agreement To Be Acquired By Siemens For $10.6B

Altair Engineering -0.10%

Altair Engineering

ALTR

103.72

-0.10%

Altair stockholders will receive $113.00 per share in cash, representing an equity value of approximately $10.6 billion.  The $113.00 per share cash consideration represents a 19% premium to the closing price of Altair common stock on October 21, 2024, the last trading day prior to media speculation regarding a potential transaction, and a 13% premium to Altair's unaffected all-time high closing price.

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