M&A: Altair Engineering Inc.

Form Type: DEFM14A

Filing Date: 2024-12-18

Corporate Action: Merger

Type: New

Accession Number: 000119312524281324

Comments: Altair Engineering Inc. has announced a proposed merger with Siemens Industry Software Inc. The merger agreement, signed on October 30, 2024, outlines that Siemens Industry will acquire Altair, with Altair becoming a wholly owned subsidiary of Siemens Industry. The boards of directors for both companies have approved the merger. Upon the merger's effective time, Altair stockholders will receive $113.00 in cash for each share of Class A and Class B Common Stock held, representing significant premiums over prior stock prices. The document provides details on the implications for stockholders and mentions the opportunity to exercise appraisal rights under Delaware law.

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