Jul 30, 2010 (Datamonitor Financial Deals Tracker via COMTEX) —
SAP AG, a Germany-based provider of enterprise software solutions, has acquired all outstanding shares of common stock in Sybase, Inc.

Sybase is a US-based provider of database management software systems and mobile software to manage, analyze and mobilize information.

Update on July 26, 2010:

SAP, through its wholly-owned subsidiary Sheffield Acquisition Corp., has completed its cash tender offer to acquire all outstanding shares of common stock in Sybase.

A total of 80,929,717 shares of common stock of Sybase had been tendered into and not properly withdrawn from the tender offer (including 9,293,901 shares of common stock tendered pursuant to the guaranteed delivery procedures). These shares represent approximately 92.1% percent of Sybase’s outstanding shares of common stock.

SAP intends to effect a short-form merger under Delaware law as promptly as practicable, without the need for a meeting of Sybase stockholders. As a result of the merger, the remaining Sybase stockholders (other than those who properly exercise appraisal rights under Delaware law) will receive the same $65 per share price, without interest and subject to any required withholding of taxes, that was paid in the tender offer. After the merger, Sybase will be a wholly owned subsidiary of SAP America, and Sybase shares will cease to be traded on the NYSE.

Update on July 20, 2010:

SAP has received clearance from the European Commission to acquire all outstanding shares of common stock in Sybase.

Update on July 19, 2010:

SAP, through its indirect wholly-owned subsidiary Sheffield Acquisition, has extended its cash tender offer period to acquire all outstanding shares of common stock in Sybase until July 26, 2010.

The tender offer is being extended because certain conditions to the tender offer are not yet satisfied, including approval of the European Commission under European Union merger regulations.

As on July 16, 2010, a total of 87,871,828 shares of common stock of Sybase were issued and outstanding, and 73,985,502 shares of common stock of Sybase have been tendered into and not properly withdrawn from the tender offer (including 3,106,904 shares of common stock tendered pursuant to the guaranteed delivery procedures set forth in the offer to purchase).

Update on July 1, 2010:

SAP, through its indirect wholly-owned subsidiary Sheffield Acquisition, has extended its cash tender offer period to acquire all outstanding shares of common stock in Sybase until July 16, 2010.

A total of 87,780,002 shares of common stock of Sybase were issued and outstanding, and 72,515,333 shares of common stock of Sybase have been tendered into and not properly withdrawn from the tender offer (including 5,299,761 shares of common stock tendered pursuant to the guaranteed delivery procedures set forth in the offer to purchase).

Update on June 17, 2010:

SAP has announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act (HSR Act), on June 16, 2010, with respect to SAP’s previously announced proposed acquisition of Sybase.

Update on May 26, 2010:

SAP, through its indirectly wholly-owned subsidiary Sheffield Acquisition, has commenced its cash tender offer to acquire all outstanding shares of common stock of Sybase.

The tender offer is scheduled to expire on July 1, 2010, unless the tender offer is extended. There is no financing condition to the tender offer.

Announcement (May 12, 2010):

SAP has signed a definitive merger agreement to acquire Sybase for an enterprise value of approximately $5,800 million.

Under the terms of the merger agreement, SAP America, Inc., a wholly-owned subsidiary of SAP, will make an all cash tender offer for all of the outstanding shares of Sybase common stock at $65 per share.

The offer price represents a premium of 44% over the three-month average stock price of Sybase and a premium of approximately 56.36% over the closing price of Sybase’ common stock of $41.57 on May 11, 2010.

SAP will finance the transaction from its cash on hand and a EUR2,750 million loan facility arranged and underwritten by Barclays Capital, Inc. and Deutsche Bank.

Sybase will operate as a standalone unit under the name Sybase, an SAP Company. The Board of Directors of Sybase has unanimously approved the transaction.

The transaction is expected to close during the third quarter of 2010.

Lazard Group, Barclays plc, Deutsche Bank AG Allen & Overy LLP, Jones Day CNC – Communications & Network Consulting AG are acting as financial, legal and PR advisors to SAP. Bank of America Corporation is acting as financial advisor, while Shearman & Sterling, LLP is acting as legal advisor and to Sybase.

Deal Value (US$ Million) 5800

Deal Type Acquisition

Sub-Category 100% Acquisition

Deal Status Completed: 2010-07-30

Deal Participants

Target (Company) Sybase, Inc.

Acquirer (Company) SAP AG

Deal Rationale

The transaction will benefit both SAP and Sybase from synergies across product lines and markets and also expand opportunities for SAP and Sybase ecosystems. The acquisition will accelerate the reach of SAP’s solutions across mobile platforms and drive forward the realization of its in-memory computing vision. The transaction will expand SAP’s addressable market by making available its solutions to mobile users, combining its business software with Sybase’s mobile infrastructure platform. For Sybase, SAP in-memory technology will provide the opportunity for performance improvements to its analytic processing capabilities. Sybase will also be able to bring its event processing and analytics expertise, which was built in the financial sector, to customers in other industries, markets and product areas in which SAP has a complementary presence. Sybase’s core database business is expected to be enhanced by SAP’s in-memory technology to deliver integrated transactional and analytical capabilities. Through the acquisition, SAP will also gain access to the financial services and public sector markets and enter into the Chinese market, where Sybase has a significant presence.

Bid Premium ($ per share) 56.36
From:www.tradingmarkets.com

Emory was originally chartered in 1836 by a small group of Methodists as Emory College in honor of John Emory, a popular bishop of the Methodist Episcopal Church. The school struggled financially until a generous land-grant by Asa Candler, the president of the Coca-Cola Company, allowed the small college to move to DeKalb County near Atlanta and become rechartered as Emory University. The philanthropy of Coca-Cola fortunes such as those belonging to the Candlers, the Woodruffs, the Goizuetas, and others enabled Emory’s growth and empowered its ambition.

Emory is one of several major research universities in the U.S. In its 2009 edition, U.S. News & World Report ranked the university’s undergraduate program 18th among national universities, while ranking the medical, law, and business programs among the top 25 in the country. In 2008, Emory received $411.2 million in total research funding awards, more than any other university in Georgia.

Emory University
Motto: Cor prudentis possedibit scientia
Motto in English: The wise heart will possess knowledge
Established: 1836
Type: Private
Endowment: US $5.5 billion
President: James W. Wagner
Students: 12,755
Undergraduates: 6,890
Postgraduates: 5,865
Location: Druid Hills, Georgia, US
33°47′28″N 84°19′24″W / 33.79111°N 84.32333°W / 33.79111; -84.32333Coordinates: 33°47′28″N 84°19′24″W / 33.79111°N 84.32333°W / 33.79111; -84.32333
Campus: Suburban
631 acres (2.6 km²)
Colors: Blue and Gold
Nickname: Emory Eagles
Athletics: NCAA Division III UAA
Affiliations: Southern Association of Colleges and Schools, AAU
Website: www.emory.edu

The University is affiliated with 82 Nobel Prize laureates. The university and its undergraduate college have a reputation of devotion to academic scholarship and intellectualism. Historically, the university has also been noted for its undergraduate core curriculum known as the Common Core pioneered by Robert Maynard Hutchins; for several influential academic movements and centers, such as the Chicago School of Economics, the Chicago School of Sociology, the Law and Economics movement in legal analysis, and several of the most prominent movements in anthropology; and for its role in developing modern physics leading to the world’s first man-made, self-sustaining nuclear reaction. The university is also home to the Committee on Social Thought, an interdisciplinary graduate research program, and to the largest university press in the United States.

The University of Chicago
Motto: Crescat scientia; vita excolatur (Latin)
Motto in English: Let knowledge grow from more to more; and so be human life enriched
Established: 1891
Type: Private nondenominational coeducational
Endowment: US $5.2 billion (2009)
President: Robert Zimmer
Faculty: 2,168
Staff: 14,772 employees (includes Medical Center)
Undergraduates: 5,027
Postgraduates: 9,820
Location: Chicago, Illinois
Campus: Urban, 211 acres (850,000 m²)
Colors: Maroon and White
Nickname: Maroons
Mascot: Phoenix
Athletics: NCAA Division III UAA
Website: www.uchicago.edu

The university currently enrolls 15,449 students in approximately 115 undergraduate, 114 master’s, 51 doctoral, and two professional areas of study. The University’s students represent all 50 states and 148 foreign countries. There are currently 2,348 full-time faculty members whose ranks include Fulbright Scholars, Guggenheim Fellows, and National Science Foundation award recipients. Of this distinguished faculty, 97% hold doctorates or terminal degrees in their field. With more than 13,000 full and part-time faculty and staff, UM is the largest private employer in Miami-Dade County.

The University of Miami is accredited by the Southern Association of Colleges and Schools and 23 additional professional and educational accrediting agencies. UM is a member of the American Association of University Women, the American Council on Education, the American Council of Learned Societies, the Association of American Colleges, the Florida Association of Colleges and Universities, and the National Association of Independent Colleges and Universities.

University of Miami
Motto: Magna est veritas (Latin)
Motto in English: Great is the truth
Established: 1925
Type: Private
Endowment: $736 million USD
President: Donna Shalala
Staff: 2,348
Students: 15,449
Undergraduates: 10,379
Postgraduates: 5,070
Location: Coral Gables, Florida, USA
Miami, Florida
Campus: Suburban
Colors: Orange, Green and White
Nickname: Hurricanes
Mascot: Sebastian the Ibis
Athletics: NCAA Division I, Atlantic Coast Conference
Website: www.miami.edu

Established in 1769 by Congregational minister Eleazar Wheelock with funds largely raised by the efforts of Native American preacher Samson Occom, the College’s initial mission was to acculturate and Christianize the Native Americans. After a long period of financial and political struggles, Dartmouth emerged from relative obscurity in the early twentieth century. In 2004, Booz Allen Hamilton selected Dartmouth College as a model of institutional endurance “whose record of endurance has had implications and benefits for all American organizations, both academic and commercial,” citing Trustees of Dartmouth College v. Woodward and Dartmouth’s successful self-reinvention in the late 1800s. Dartmouth alumni, from Daniel Webster to the many donors in the nineteenth and twentieth centuries, have been famously involved in their college.

Dartmouth is located on a rural 269-acre (1.1 km²) campus in the Upper Valley region of New Hampshire. Given the College’s isolated location, participation in athletics and the school’s Greek system is high. Dartmouth’s 34 varsity sports teams compete in the Ivy League conference of the NCAA Division I. Students are also well-known for preserving a variety of strong campus traditions.

Dartmouth College
Motto: Vox clamantis in deserto
Motto in English: The voice of one crying in the wilderness
Established: December 13, 1769
Type: Private
Endowment: US $3.76 billion
President: James Wright
Faculty: 647
Undergraduates: 4,147
Postgraduates: 1,701
Location: Hanover, New Hampshire, United States
43°42′12″N 72°17′18″W / 43.70333°N 72.28833°W / 43.70333; -72.28833Coordinates: 43°42′12″N 72°17′18″W / 43.70333°N 72.28833°W / 43.70333; -72.28833
Campus: Rural town, 269 acres (1.1 km²)
Colors: Dartmouth green and white
Nickname: Big Green
Mascot: Indian, Keggy the Keg, and Dartmouth Moose (all unofficial)
Athletics: NCAA Division I, Ivy League
34 varsity teams
Affiliations: University of the Arctic
Website: www.dartmouth.edu

The University is organized into two undergraduate and eight graduate schools. The undergraduate student body comes from all 50 U.S. states and 106 countries. In its 2009 edition, U.S. News & World Report ranked the university’s undergraduate program eighth among national universities, while ranking the medical, law, and business schools among the top 12 in the country. Duke University was ranked as the thirteenth best university in the world in the 2008 THES – QS World University Rankings of universities worldwide.

Duke’s research expenditures are among the largest 20 in the U.S. and its athletic program is one of the nation’s elite. Competing in the Atlantic Coast Conference, the athletic teams have won ten national championships, including three by the men’s basketball team.

Besides academics, research, and athletics, Duke is also well known for its sizable campus and Gothic architecture, especially the Duke Chapel. The forests surrounding parts of the campus belie the University’s proximity to downtown Durham. Duke’s 8,610 acres (35 km²) contain three contiguous campuses in Durham as well as a marine lab in Beaufort. Construction projects have updated both the freshmen-populated Georgian-style East Campus and the main Gothic-style West Campus, as well as the adjacent Medical Center over the past five years.

Duke University
Latin: Universitas Dukiana
Motto: Eruditio et Religio
Motto in English: Knowledge and Faith
Established: 1838
Type: Private
Endowment: $4 billion (May 2009)[1]
President: Richard H. Brodhead
Faculty: 2,877
Students: 13,457
Undergraduates: 6,340
Postgraduates: 7,117
Location: Durham, North Carolina, US
36°0′4″N 78°56′20″W / 36.00111°N 78.93889°W / 36.00111; -78.93889Coordinates: 36°0′4″N 78°56′20″W / 36.00111°N 78.93889°W / 36.00111; -78.93889
Campus: Urban
8,610 acres (34.8 km2)
Former names: Brown School (1838–1841)
Union Institute (1841–1851)
Normal College (1851–1859)
Trinity College (1859–1924)
Colors: Duke blue and white

Nickname: Blue Devils
Athletics: NCAA Division I FBS
26 varsity teams
Affiliations: AAU, ACC, UMC
Website: www.duke.edu
Latin text from university archives. Population data for fall 2007; financial data for FY07. UMC ties historic and symbolic, but governance-independent.

Benjamin Franklin, Penn’s founder, advocated an educational program that focused as much on practical education for commerce and public service as on the classics and theology. Penn was one of the first academic institutions to follow a multidisciplinary model pioneered by several European universities, concentrating multiple “faculties” (e.g., theology, classics, medicine) into one institution[citation needed]. Penn is today one of the largest private universities in the nation, offering a very broad range of academic departments, an extensive research enterprise and a number of community outreach and public service programs. Penn is particularly well known for its business school, law school, education school, medicine school, health school, social sciences/humanities, and its biomedical teaching and research capabilities.

In FY2009, Penn’s academic research programs undertook more than $730 million in research, involving some 3,800 faculty, 1,000 postdoctoral fellows and 5,400 support staff/graduate assistants. Much of the funding is provided by the National Institutes of Health for biomedical research. Penn tops the Ivy League in annual spending, with a projected 2009 budget of $5.542 billion.[citation needed] In 2008, it ranked fifth among U.S. universities in fundraising, bringing in about $475.96 million in private support.

Incorporated as The Trustees of the University of Pennsylvania, Penn is one of 14 founding members of the Association of American Universities.

University of Pennsylvania
Motto: Leges sine moribus vanae
Motto in English: Laws without morals are useless
Established: 1740
Type: Private
Endowment: US $5 billion
President: Amy Gutmann
Staff: 4,038 (Faculty), 2,276 (Staff)
Students: 19,816
Undergraduates: 10,153
Postgraduates: 9,653
Location: Philadelphia, Pennsylvania
Campus: Urban, 279 acres (1.13 km2), West Philadelphia campus; 600 acres (2.4 km2), New Bolton Center; 92 acres (0.37 km2), Morris Arboretum
Colors: Red and blue
Nickname: Quakers
Athletics: NCAA Division I
Affiliations: Ivy League, AAU, COFHE
Website: www.upenn.edu

Founded by William Barton Rogers in 1861 in response to the increasing industrialization of the United States, the university adopted the German university model and emphasized laboratory instruction from an early date.Its current 168-acre (68.0 ha) campus opened in 1916 and extends over 1 mile (1.6 km) along the northern bank of the Charles River basin.MIT researchers were involved in efforts to develop computers, radar, and inertial guidance in connection with defense research during World War II and the Cold War. In the past 60 years, MIT’s educational programs have expanded beyond the physical sciences and engineering into social sciences like economics, philosophy, linguistics, political science, and management.

MIT enrolled 4,172 undergraduates, 6,048 postgraduate students, and employed 1,008 faculty members in the 2007/08 school year. Its endowment and annual research expenditures are among the largest of any American university. 73 Nobel Laureates, 47 National Medal of Science recipients, and 31 MacArthur Fellows are currently or have previously been affiliated with the university.

The Engineers sponsor 33 sports, most of which compete in the NCAA Division III’s New England Women’s and Men’s Athletic Conference; the Division I rowing programs compete as part of the EARC and EAWRC. While students’ irreverence is widely acknowledged due to the traditions of constructing elaborate pranks and engaging in esoteric activities, the aggregated revenues of companies founded by MIT affiliates would make it the seventeenth largest economy in the world.

Massachusetts Institute of Technology
Motto: Mens et Manus
Motto in English: Mind and Hand
Established: 1861 (opened 1865)
Type: Private
Endowment: US $10.068 billion
Chancellor: Phillip Clay
President: Susan Hockfield
Provost: L. Rafael Reif
Faculty: 1,008
Students: 10,220
Undergraduates: 4,172
Postgraduates: 6,048
Location: Cambridge, Massachusetts, U.S.
Campus: Urban, 168 acres (68.0 ha)
Nobel Laureates: 73
Colors: Cardinal Red and Steel Gray
Mascot: Beaver
Athletics: Division III (except for Rowing)
33 varsity teams
Affiliations: NEASC, AAU, COFHE, NASULGC
Website: web.mit.edu

In 1861, the Graduate School of Arts and Sciences became the first U.S. school to award the Ph.D.

The university’s assets include a US$17 billion endowment (the second-largest of any academic institution) and more than a dozen libraries that hold a total of 12.5 million volumes (making it, according to Yale, the world’s second-largest university library system).Yale has 3,300 faculty members, who teach 5,300 undergraduate students and 6,000 graduate students.Yale offers 70 undergraduate majors: few of the undergraduate departments are pre-professional. About 45% of Yale undergraduates major in the arts and humanities, 35% in the social sciences, and 20% in the sciences.All tenured professors teach undergraduate courses, more than 2,000 of which are offered annually.[citation needed] Yale’s graduate programs include those in the Graduate School of Arts and Sciences — covering 53 disciplines — and those in the Professional Schools of Architecture, Art, Divinity, Drama, Forestry & Environmental Sciences, Law, Management, Medicine, Music, Nursing, and Public Health.

Yale’s residential college housing system is modeled after those of Oxford and Cambridge. Each residential college houses a cross-section of the undergraduate student body and has its own facilities, seminars, resident faculty and graduate fellows.

Yale and Harvard have been rivals in academics, chess, rowing, and football for most of their history, competing annually in The Game and the Harvard-Yale Regatta.

Yale University
Motto: אורים ותמים (Hebrew) (Urim V’Tumim)
Lux et veritas (Latin)
Motto in English: Light and truth
Established: 1701
Type: Private
Endowment: US $17 billion
President: Richard C. Levin
Faculty: 3,619
Students: 11,398
Undergraduates: 5,316
Location: New Haven, Connecticut, United States
Campus: Urban, 397 acres (161 ha)
Former names: Collegiate School
Colors: Yale Blue since 1894; prior color, green
Nickname: Bulldogs, Elis, Yalies
Mascot: Handsome Dan
Athletics: NCAA Division I (FCS Football) Ivy League
Website: www.yale.edu

Princeton University has traditionally focused on undergraduate education, although it has almost 2,500 graduate students enrolled. A unique blend of research university and liberal arts, Princeton does not offer professional schooling generally, but it does offer professional master’s degrees (mostly through the Woodrow Wilson School of Public and International Affairs) and doctoral programs in the sciences, humanities, and social sciences, as well as engineering.

Founded in 1746 at Elizabeth, New Jersey, as the College of New Jersey, it was moved to Newark in 1747, then to Princeton in 1756 and renamed “Princeton University” in 1896. (The present-day The College of New Jersey in nearby Ewing, New Jersey, is an unrelated institution.)

Princeton was the fourth institution of higher education in the U.S. to conduct classes.The university, unlike most American universities that were founded at the same time, did not have an official religious affiliation. At one time, it had close ties to the Presbyterian Church, but today it is nonsectarian and makes no religious demands of its students.The university has ties with the Institute for Advanced Study, Princeton Theological Seminary, and the Westminster Choir College of Rider University.

Princeton University
Latin: Universitas Princetoniensis
Motto: Dei sub numine viget (Latin)
Motto in English: Under God’s power she flourishes
Established: 1746
Type: Private
Endowment: US$16.3 billion
President: Shirley M. Tilghman
Faculty: 1044
Staff: 1,103
Students: 7,334
Undergraduates: 4,918
Postgraduates: 2,416
Location: Borough of Princeton,
Princeton Township,
and Plainsboro, New Jersey, USA
Campus: Suburban, 600 acres (2.4 km2)
(Princeton Borough and Township
Former names: College of New Jersey (1746-1756)
Athletics: 38 sports teams
Colors: Orange and Black
Mascot: Tigers
Affiliations: MAISA; AAU
Website: www.princeton.edu