Allen & Overy advises Morgan Stanley on the financing of the planned acquisition of SimCorp A/S by Deutsche Börse AG

Deutsche Börse AG and SimCorp A/S have signed an agreement pursuant to which Deutsche Börse will make a voluntary public cash takeover bid for all shares in SimCorp (excluding treasury shares) at a price of DKK 735.00 per share. The total consideration to be offered for all SimCorp shares (excluding treasury shares) is approximately EUR 3.9 billion.

The offer is subject to a minimum acceptance threshold of 50 per cent plus one share and other customary closing conditions, including regulatory approvals.

The Allen & Overy team included partners Greg Brown (London), Dr Walter Uebelhoer (Munich, both Banking and Finance) and Dr Jonas Wittgens (Corporate/M&A, Hamburg), counsel Dr Ilja Baudisch (Munich), senior associate Marc van Heerden and associate Nicole Crockford (both London, all Banking and Finance).