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m fix my botch |
start citing real SEC documents, quite reliable |
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As part of a larger trend of consolidation, [[Software AG]] (based in [[Darmstadt]], Germany) bid to acquire webMethods in April 2007 for an estimated $546 million in cash.<ref name="acquires">{{Cite web |url= http://www.infoq.com/news/2007/04/software-ag-webmethods |title= SoftwareAG Acquires webMethods |author= Stefan Tikov |work= Info Q |date= April 5, 2007 |access-date= November 23, 2021 }}</ref>
The offer price was more than 25% over the market price of its shares, and came one day after activist shareholders Augustus Oliver and Clifford Press disclosed a 6% stake and claimed the company was under-valued.<ref name="NYTacquire">{{Cite web |url= https://www.nytimes.com/2007/04/05/business/worldbusiness/05iht-soft.4.5162842.html |title= Software AG to acquire webMethods |work= The New York Times |date= April 5, 2007 |access-date= November 23, 2021 }}</ref><ref>{{Cite web |url= https://www.barrons.com/articles/BL-TB-2889 |title= WebMethods To Be Acquired By Software AG; Activists Were Pushing For Sale...Since Yesterday |work= Barron's |date= April 5, 2007 |access-date= November 23, 2021 }}</ref><ref>{{Cite web |title= Schedule 13D: General statement of acquisition of beneficial ownership |date= April 4, 2007 |author= Augustus K. Oliver |publisher= US Securities and Exchange Commission |url= https://www.sec.gov/Archives/edgar/data/0001035096/000090571807000158/webmeth13dmar07.txt |access-date= November 23, 2021 }}</ref>
Although speculation persisted that a competitor might make a higher bid, the deal closed in June, 2007.<ref>{{Cite web |url= https://seekingalpha.com/article/31792-webmethods-speculation-on-higher-bid-persists |title= WebMethods: Speculation On Higher Bid Persists |work= Seeking Alpha |author= Eric Savitz |date= April 9, 2007 |access-date= November 23, 2021 }}</ref><ref>{{Cite web |url= https://www.informationweek.com/government/software-ag-completes-webmethods-acquisition |title= Software AG Completes WebMethods Acquisition |work= Information Week |date= June 1, 2007 |access-date= November 23, 2021 }}</ref>
The brand webMethods was retained, effectively making webMethods its flagship product line, immediately doubling Software AG revenues in North America.
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