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.