Fujitsu announces the acquisition of GK Software through a voluntary public takeover offer
TOKYO, Mar 1, 2023 - (JCN Newswire via SEAPRWire.com) - Fujitsu Limited ("Fujitsu") today announces the signing of a Business Combination Agreement with GK Software SE ("GK"), a leading global provider of cloud services for the international retail industry, headquartered in Schoeneck, Germany. In conjunction, Fujitsu ND Solutions AG ("ND Solutions"), a direct wholly-owned subsidiary of Fujitsu, announced its decision to launch a voluntary public takeover offer for the acquisition of all outstanding shares of GK.GK shareholders will be offered a cash consideration of EUR 190.00 per share. The offer price represents a premium of 34.7% to the XETRA volume-weighted average share price of GK in the last three months prior to (and including) 28 February 2023, a premium of 31.0% to the XETRA closing price of 28 February 2023, and a premium of 10.5% to GK's all-time high price so far of EUR 172.00.GK's founders and major shareholders, Rainer Gläß (also CEO) and Stephan Kronm ü ller, support the transaction and have entered into irrevocable undertakings with ND Solutions regarding their GK shares. Consequently, Fujitsu has already secured 40.65% of the total shar...
