Altair Signs Agreement To Be Acquired By Siemens For $10.6B

+0.13%

Altair Engineering

ALTR

109.25

+0.13%

Altair stockholders will receive $113.00 per share in cash, representing an equity value of approximately $10.6 billion. The $113.00 per share cash consideration represents a 19% premium to the closing price of Altair common stock on October 21, 2024, the last trading day prior to media speculation regarding a potential transaction, and a 13% premium to Altair's unaffected all-time high closing price.

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