(Reuters) - Software AG said on Thursday it would offer $9.15 per share, a 26 percent premium over webMethods' closing price on Wednesday, and that webMethods' board of directors would recommend the transaction to its shareholders.
"It's a milestone for Software AG, for which we've been preparing for the last three or four years," Software AG's Chief Executive Karl-Heinz Streibich said, adding that the acquisition would almost double Software AG's U.S. sales.
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