SAP (SAP) Announce Court Comes to Preliminary Approval on Class Action Settlement
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SAP (NYSE: SAP) today announced that the Superior Court of Alameda County, California has granted preliminary approval to a settlement of class action litigation arising out of the July 2010 acquisition of Sybase, Inc. by SAP's subsidiary, SAP America, Inc.
The litigation was commenced following the May 12, 2010 announcement of the tender offer by SAP America, Inc. to acquire all of the outstanding shares of Sybase, Inc. common stock.
The litigation was commenced following the May 12, 2010 announcement of the tender offer by SAP America, Inc. to acquire all of the outstanding shares of Sybase, Inc. common stock.
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