May 7, 2019 / 4:01 PM / 2 months ago

SAP CEO welcomes Elliott as "fantastic investor"

May 7 (Reuters) - SAP CEO Bill McDermott on Tuesday welcomed a $1.3 billion investment by activist investor Elliott, saying it was aligned with his goal of expanding margins through driving top-line growth.

"They have been a fantastic investor. I am very proud they have chosen SAP," McDermott told reporters at SAP's annual U.S. user conference in Orlando. (Reporting by Douglas Busvine Editing by Edward Taylor)

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