SAP has extended its cash tender offer for the acquisition of Sybase at $65 per share. The offer was previously scheduled to expire on July 1, but the deadline was extended until 9 pm New York time, July 16. The original offer was conditioned on approval by the European Commission, which has until July 22 to review the deal. That's the expiration date of the 25-working-day review provided under European Union merger regulations.
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SAP EXTENDS SYBASE OFFER
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