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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.
Altair transforms design and decision making by applying simulation, machine learning, and optimization throughout product lifecycles. Altair offers software in five categories related to Computer Aided Engineering (CAE) and High Performance…
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