SAF receives SAP's public tender offer for its shares

SAP offers SAF shareholders EUR 11.50 per share

@@start.t1@@--------------------------------------------------------------------------------   Corporate news transmitted by euro adhoc. The issuer/originator is solely   responsible for the content of this announcement. --------------------------------------------------------------------------------@@end@@

companies/tender offer

Tägerwilen (euro adhoc) - - Acceptance Period: July 27 until August
28, 2009, 24:00 CET  - Additional Acceptance Period: expected to take
place from September 4 until      September 18, 2009, 24:00 CET

Tägerwilen/Switzerland, July 27, 2009 Today, SAP AG published the public tender offer to the shareholders of SAF AG, which is listed on the Prime Standard of the Frankfurt Stock Exchange (ISIN CH0024848738) and is one of the worldwide technology leaders in automated forecasting and ordering systems for retail. The tender offer consists, as announced on July 20, 2009, of a cash tender offer of EUR 11.50 per share and is addressed to all shareholders of SAF. The acceptance period commences today and will end on August 28, 2009, 24:00 CET. An additional acceptance period is expected to take place from September 4 until September 18, 2009, 24:00 CET.

The tender offer represents a premium of 9.5 percent over the Xetra closing price of SAF shares on July 17, 2009 (EUR 10.50) and a 33.9 percent premium over the volume-weighted average Xetra price of the SAF shares on the Frankfurt Stock Exchange for the last three months prior to the announcement of the public tender offer by SAP AG on July 20, 2009 (EUR 8.59). The tender offer is subject to a minimum acceptance rate of 50 percent plus one share and the consent of the competent antitrust authorities. The two main shareholders of SAF, who together hold approximately 38 percent of SAF's shares, have agreed with SAP to accept the tender offer.

The German offer document, in which the details of the voluntary public tender offer are set forth, was published today on the SAP website at Print copies are available free of charge in Germany from Commerzbank AG, ZCM-ECM Execution, Mainzer Landstraße 153, 60327 Frankfurt am Main (fax: +49-69-136-44598), and in the United States from SAP Global Marketing, Inc., 95 Morton St, Suite 200, New York, NY 10014,  USA, fax: +1-610- 492-9758. A non-binding English translation of the offer document can be found under

The Board of Directors of SAF will, after careful review of the offer document, release a statement on the offer, which then will be available on the company's German website at

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ +++++++++++

About SAF AG SAF Simulation, Analysis and Forecasting AG specializes in the development of automated ordering and forecasting software for retailers and industrial manufacturers. SAF deploys the demand chain management approach, which controls replenishment planning based on consumer demand patterns. SAF software assists users to realize substantial cost savings and optimizes general logistics conditions through its simulation capabilities. As a result, significant competitive advantages are achieved along the entire value chain: lower inventories, improved product availability, and last, but not least, a higher level of customer satisfaction.

SAF AG was established in 1996 by Dr. Andreas von Beringe and Prof. Dr. Gerhard Arminger. SAF shares are listed at the official market (Prime Standard) at the Frankfurt Stock Exchange (FWB). Today, the company employs approx. 100 people. Consolidated sales revenues for fiscal year 2008, were approx. 13.4 million EUR with consolidated profit of 2.1 million EUR according to IFRS statements. SAF's products are distributed in many European countries as well as in the United States. The company is headquartered in Tägerwilen, Switzerland. SAF also has a subsidiary in the United States: SAF Simulation, Analysis and Forecasting U.S.A., Inc., Grapevine, Texas and in Slovakia, Bratislava: SAF Simulation, Analysis and Forecasting Slovakia s.r.o. with the focus on Nearshore-Development.

Forward Looking Statements and Estimates This information contains forward looking statements based on assumptions and estimates of SAF's Management Board. Although we assume the expectations in these forward looking statements are realistic, we cannot guarantee they will prove to be correct. The assumptions may harbor risks and un-certainties that may cause the actual figures to differ considerably from the forward looking statements. Factors that may cause such discrepancies include, among other things, risks that are mentioned in the annual report 2008. SAF does not plan to update the forward looking statements, nor does it assume the obligation to do so.

@@start.t2@@end of announcement                                                 euro adhoc

ots Originaltext: SAF AG
Im Internet recherchierbar:

Further inquiry note:
Astrid Strömer
+41 (0)71 666 79 48

Branche: Software
ISIN:      CH0024848738
WKN:        A0JD78
Index:    Prime All Share, Technologie All Share
Börsen:  Frankfurt / regulated dealing/prime standard
              Berlin / free trade
              Stuttgart / free trade
              Düsseldorf / free trade
              München / free trade

Weitere Meldungen: SAF AG

Das könnte Sie auch interessieren: