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"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."

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