New York, NY – March 2, 2005 – LAWFUEL – The Law News Network – Debevoise & Plimpton LLP is representing Deutsche Bank in its role as financial advisor to Retek
Inc. in its merger with SAP America Inc., a subsidiary of SAP AG. SAP
will purchase all outstanding shares of Retek for approximately $496
million.
With approximately euro 840 billion in assets and 65,400 employees,
Deutsche Bank offers unparalleled financial services in 74 countries
throughout the world. Deutsche Bank competes to be the leading global
provider of financial solutions for demanding clients creating
exceptional value for its shareholders and people. Retek Inc. is a
leading worldwide provider of mission-critical software and services to
the retail industry. SAP is the world’s leading provider of business
software solutions. Debevoise & Plimpton LLP is a leading international
law firm with offices in New York, London, Paris, Frankfurt, Washington,
Moscow, Hong Kong and Shanghai.
Debevoise partner Andrew L. Bab represented Deutsche Bank in this
transaction.