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Altair Stockholders OK Merger with Siemens

Stockholders voted at a special meeting to adopt the merger agreement on January 22, 2025.

Altair Stockholders OK Merger with Siemens

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By DE Editors  

January 23, 2025

Altair Engineering Inc. reports that its stockholders voted at a special meeting to adopt the merger agreement with Siemens Industry Software Inc., a subsidiary of Siemens AG.

The final voting results for the special meeting were filed in a Form 8-K with the U.S. Securities and Exchange Commission (the "SEC") on January 22, 2025.

As previously announced, under the terms of the merger agreement, Siemens Industry will acquire all of the outstanding shares of Altair's common stock for $113.00 per share in cash. Upon completion of the transaction, Altair's securities will no longer be listed on any public stock exchange.

Sources: Press materials received from the company and additional information gleaned from the company’s website.

 

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Simulate   News   Acquisition   Altair   Mergers   Siemens Digital Industries Software   All topics
 

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