Progress Software Corp. Statement regarding a Possible Offer for MariaDB plc
Further to the announcement made by Progress Software Corp. (“Progress”) on March 26, 2024 (the “March Possible Offer Announcement”), Progress is today announcing, under Rule 2.4 of the Irish Takeover Rules, that it is considering a possible offer (the “Possible Offer”) to acquire all of the debt and the entire issued and to be issued share capital of MariaDB plc (“MariaDB”).
- Further to the announcement made by Progress Software Corp. (“Progress”) on March 26, 2024 (the “March Possible Offer Announcement”), Progress is today announcing, under Rule 2.4 of the Irish Takeover Rules, that it is considering a possible offer (the “Possible Offer”) to acquire all of the debt and the entire issued and to be issued share capital of MariaDB plc (“MariaDB”).
- Under the Possible Offer, each MariaDB shareholder would be entitled to receive:
$0.60 for each MariaDB share, payable in cash. - Progress believes that the Possible Offer aligns to Progress’ strategy and track record of acquisitions, and MariaDB meets many aspects of Progress’ disciplined approach to acquisitions.
- Progress confirms that the Possible Offer is a possible offer under Rule 2.4 of the Irish Takeover Rules for all the issued and to be issued share capital of MariaDB.