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4-Traders Homepage  >  Equities  >  Nasdaq  >  Ariba, Inc.    ARBA

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SAP wants to add Ariba CEO to management board

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05/22/2012 | 11:23pm CEST

SAP said on Tuesday it wanted to add Ariba's Chief Executive Bob Calderoni to the German business software maker's global managing board after closing the $4.3 billion deal.

The company expects to close the acquisition in the third quarter and the transaction is expected to be accretive to SAP's earnings per share in 2013.

(Reporting by Harro ten Wolde)

Stocks treated in this article : Ariba, Inc., SAP AG
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