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Author: tenshuma Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 167  
Subject: Another one bites the dust! Date: 8/31/2006 10:20 PM
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http://www.marketwatch.com/news/story/Story.aspx?guid=%7BEDAA6CED%2DE119%2D446A%2D96C5%2DD1F2AD3896EE%7D&siteid=

"Intergraph Corp., a provider of specialty software, late Thursday said it agreed to be acquired by a group of private-equity investors in a deal worth around $1.3 billion.

Following Intergraph's review of its standalone plan and strategic alternatives, the company agreed to the deal that will see an investor group led by Hellman & Friedmand and Texas Pacific Group pay $44 for each of its shares.

The deal represents an 18% premium over Thursday's closing price and a 22% premium over the stock's average closing price for the last 20 trading days.

Intergraph's stock, which closed up 6 cents at $37.36 ahead of the announcement, jumped 15% in evening trading on the news."


-T
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