Mergers and Acquistions News
Categories: IT Services & Consulting
June 3rd 2009, 16:04PM
Private equity investment firm LLR Partners and the contract management software provider I-many have announced an amendment to their definitive merger agreement to increase the purchase price.
The revised purchase price will now be approximately $0.52 (£0.32) per share in cash, representing a 14 per cent increase from the transaction originally announced on April 29th.
As a result, the transaction is now valued at approximately $49.45 million (£30.18 million), a figure which includes amounts that apply to the repayment of I-many's senior convertible notes and other transaction-related payments.
The amendment to the merger agreement has been approved by LLR Partners and unanimously by I-many's board of directors.
Earlier in the year I-many announced that it had signed three major software license and support agreements in the first quarter of 2009 with a combined value of $3 million (£1.8 million).
Two of the transactions were with Fortune 50 companies and both reached seven figures in total fees.
Related News
Categories
- BPO (32)
- Hardware (118)
- IT Services & Consulting (227)
- Media & Information Services (167)
- Semi-Conductors (77)
- Software (230)
- Telecoms (331)
Archive
- February 2012 (0)
- January 2012 (1)
- December 2011 (20)
- November 2011 (20)
- October 2011 (20)
- September 2011 (20)
- August 2011 (20)
- July 2011 (20)
- June 2011 (21)
- May 2011 (20)
- April 2011 (18)
- March 2011 (21)