Apigee Corporation (NASDAQ:APIC) today announced that regulatory clearance of the proposed acquisition of Apigee by Google Inc. was obtained from antitrust authorities in Germany on October 20, 2016. It also announced that the regulatory waiting period in Austria of the proposed acquisition of Apigee by Google expired on October 22, 2016. As previously announced, the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”) for the proposed acquisition was terminated early by the United States Federal Trade Commission on October 12, 2016.
Apigee previously entered into a definitive Agreement and Plan of Merger dated September 7, 2016, by and among Apigee, Google and Areopagus Inc., a wholly owned subsidiary of Google, under which Google will acquire Apigee for $17.40 per share in cash, subject to the satisfaction of certain closing conditions, including Apigee stockholder approval and applicable regulatory approvals (the “Merger”). Termination of the HSR Act waiting period and clearance by antitrust authorities in Germany and Austria are included among the specified closing conditions for the Merger.
Apigee is scheduled to hold a special meeting of stockholders on November 8, 2016 to seek adoption and approval of the Agreement and Plan of Merger.
About Apigee
Apigee® (NASDAQ:APIC) provides a leading API platform. Many of the world’s largest organizations select Apigee to enable their digital business. Apigee customers include global enterprises such as Walgreens, Burberry, Morningstar, and First Data. For more information, go to http://apigee.com.