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Silver Lake to likely abandon Software AG acceptance threshold, Bloomberg says

Silver Lake will likely drop the acceptance threshold for its contentious EUR2.4B acquisition bid for Software AG, Bloomberg’s Eyk Henning, Aaron Kirchfeld, and Jan-Henrik-Foerster report, citing people with knowledge of the matter. The private equity firm is leaning towards abandoning a condition that its offer win support from investors owning just over 50% of the German company, the authors say.

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