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Qualtrics Announces Definitive Agreement to Acquire Clarabridge

Qualtrics Announces Definitive Agreement to Acquire Clarabridge
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Qualtrics Announces Completion Of Exchange Offer

Qualtrics Announces Completion Of Exchange Offer
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SALT LAKE CITY and SEATTLE, Jan. 28, 2021 /PRNewswire/ Qualtrics announced today the successful completion of the exchange offer by Qualtrics and SAP to certain employees of Qualtrics, SAP and their subsidiaries to exchange all of their outstanding cash-settled fixed value rights and all of their outstanding cash-settled restricted stock units (
RSUs ) of SAP for RSUs with respect to shares of Qualtrics Class A common stock. The exchange offer expired, as scheduled, at 2:00 p.m. Eastern Time, on January 27, 2021.
Qualtrics also announced that the final exchange ratio in connection with the exchange offer is 4.2734 (number has been rounded). The exchange ratio is a fraction, the numerator of which is the average of the volume weighted average price per share of SAP stock on Xetra for the final five full trading days prior to January 27, 2021, the exp ....

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