By Kirsten Wade
SAP AG has announced that Ariba shareholders have approved SAP’s acquisition of the company.
The shareholder approval follows SAP’s announcement on 22 May 2012 that they had entered into an agreement to acquire Ariba for an enterprise value of approximately $4.3 billion.
SAP and Ariba anticipate regulatory approval and the completion of the transaction to occur in the fourth quarter of the 2012 calendar year.
