SAP AG (SAP $59.06 -0.48) and SuccessFactors (SFSF $39.68 +13.43) announced that SAP's subsidiary, SAP America, has entered into a definitive merger agreement with SuccessFactors in SAP would offer to acquire all outstanding shares of common stock of SuccessFactors for $40.00 per share in cash, representing a 52% premium over its Dec 2 closing price and an enterprise value of approxmately $3.4 billion.
The transaction is expected to close in the first quarter of 2012 and be slightly dilutive to SAP's Non-IFRS earnings per share in 2012 and accretive in subsequent years.






