Software AG Extends Tender Offer for webMethods, Inc. to May 25, 2007
May 15 2007 - 12:20PM
PR Newswire (US)
DARMSTADT, Germany, May 15 /PRNewswire/ -- Software AG (TecDAX,
ISIN DE 0003304002 / SOW), today announced it has extended its
tender offer for all outstanding shares of webMethods, Inc.
(NASDAQ:WEBM). Software AG's tender offer, which had been set to
expire at 12:00 Midnight, New York City time, on Tuesday, May 15,
has been extended until 12:00 Midnight, New York City time, on
Friday, May 25, 2007, to allow the offer to expire after the end of
the 30- day period for initial review of the transaction by the
Committee on Foreign Investment in the United States. As of 5:00
p.m., New York City time, on May 14, 2007, approximately 10,568,938
shares, representing approximately 18.6% of webMethods' outstanding
shares, had been tendered and not withdrawn from the offer. About
Software AG Software technology to increase the value of enterprise
IT systems. Software AG is a global leader in mission-critical
software infrastructure solutions based on open standards. At the
forefront of advanced Service- Oriented Architecture (SOA),
Software AG enables customers to create powerful enterprise
applications -- especially in heterogeneous IT environments.
Software AG's products Adabas, Crossvision, Natural and Tamino help
more than 3,000 customers uncover the full potential of their IT
and add value to existing systems. With technology from Software
AG, enterprises can: create flexible business applications and
processes; extend the value and life of core systems; manage data
effectively across the enterprise; and control and govern their
Service-Oriented Architecture. Software AG has more than 35 years
of global IT experience and over 2,600 employees serving customers
in 70 countries. The company is headquartered in Germany and listed
on the Frankfurt Stock Exchange (TecDAX, ISIN DE 0003304002 / SOW).
Software AG posted total revenues of 483 million euro (unaudited)
in 2006. http://www.softwareag.com/ This press release is for
informational purposes only and is not an offer to buy or the
solicitation of an offer to sell any securities. The solicitation
and the offer to buy shares of webMethods common stock are being
made pursuant to an Offer to Purchase and related materials that
Software AG, Software AG, Inc. and Wizard Acquisition, Inc. filed
with the SEC on Schedule TO on April 18, 2007. A
Solicitation/Recommendation statement with respect to the tender
offer has been filed by webMethods with the SEC. Investors and
security holders may obtain copies of the tender offer statement
and Solicitation/Recommendation statement at the website maintained
by the SEC at http://www.sec.gov/. In addition, the tender offer
statement and other documents filed with the SEC by Software AG are
available free of charge by contacting Morrow & Co., the
information agent for the tender offer, toll free at (800) 662-5200
or by e-mail at , and the Solicitation/Recommendation statement and
other documents filed with the SEC by webMethods are available free
of charge by contacting webMethods Investor Relations at (703)
460-5822. Stockholders and other investors are urged to read
carefully those materials prior to making any decisions with
respect to the offer. DATASOURCE: Software AG CONTACT: Paul Hughes,
Director Media Relations, Phone +49-0-6151-92-1787, or Fax
+49(0)6151-92-1191, , or Norbert Eder, Vice President Corporate
Communications, Phone +49(0)6151-92-1146, Fax +49(0)6151-92-1444,
Norbert , both of Software AG Web site: http://www.softwareag.com/
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