Intergraph to be acquired by investor group
12:16 - Friday 1 September 2006 by THG Reporting Team
Source: Tom's Hardware – Keywords: intergraph, acquisition Category : Miscellaneous
Source: Tom's Hardware – Keywords: intergraph, acquisition Category : Miscellaneous
Intergraph said it has signed a "definitive agreement" to be acquired by an investor group led by Hellman & Friedman and Texas Pacific Group in a transaction valued at approximately $1.3 billion. Under the terms of the agreement, Intergraph stockholders will receive $44 in cash for each share of Intergraph common stock, representing a 22% premium over Intergraph’s share price.
Intergraph’s Board of Directors has approved the merger agreement and said it will recommend that Intergraph’s stockholders adopt the agreement.
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