On October 30, 2024, Siemens AG announced that it was going to acquire Altair Engineering, Inc. (ALTR) in an all cash deal with an enterprise value of $10.32 billion.
Siemens AG will acquire Altair Engineering, Inc. at a price of $113 per share in cash. The confirmation of this acquisition came just eight days after Reuters reported on October 22nd that Altair was considering a deal after receiving acquisition interest. The deal premium appeared to be just 4% over the prior day’s closing price but the premium on the 30 day average trading price was a little more than 16%.