1. SAP CEO Welcomes 'Fantastic' Activist Shareholder Elliott

    SAP CEO Welcomes 'Fantastic' Activist Shareholder Elliott

    (Reuters) - SAP CEO Bill McDermott on Tuesday welcomed a $1.3 billion (993 million pounds) investment by activist investor Elliott, saying the U.S. hedge fund group was aligned with his goal of expanding margins by driving top-line growth. "They have been a fantastic investor. I am very proud they have chosen SAP," McDermott told reporters on Tuesday at Sapphire Now, SAP's annual U.S. user conference in Orlando, Florida...

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    1. They have been a fantastic investor. I am very proud they have chosen SAP.
    2. I'm very confident in our top- and bottom-line development.
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