TITLE

Accel-KKR Revises Agreement With Vista Equity

AUTHOR(S)
Davis, Avram
PUB. DATE
May 2009
SOURCE
Mergers & Acquisitions Report;5/25/2009, Vol. 22 Issue 21, p19
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the revision of the previous definitive merger agreement between SumTotal Systems Inc. and Accel-KKR. Under the terms of the new agreement, Accel-KKR will pay to 4.80 U.S. dollars in cash for the Mountain View, California-based technology company. According to the article, the present agreement of Accel-KKR with SumTotal represents a 11.23 percent increase from its previous offer of 3.80 U.S. dollars per share.
ACCESSION #
44148508

 

Related Articles

  • Vista Again Raises Bid For SumTotal. Davis, Avram // Mergers & Acquisitions Report;5/18/2009, Vol. 22 Issue 20, p17 

    This article reports that private equity firm Vista Equity Partners has increased its acquisition offer for SumTotal Systems Inc. The bid was raised from an initial offer of 103 million U.S. dollars to 146 million U.S. dollars. According to SumTotal, the second offer of Vista Equity is a...

  • Vista Equity Again Ups SumTotal Bid. Marino, Jonathan // Mergers & Acquisitions Report;5/25/2009, Vol. 22 Issue 21, p4 

    The article reports on the series of bids made by Vista Equity Partners for software company Sum Total Systems. It states that the bid will be raised to 4.95 U.S. dollars per share, if Sum Total can wiggle out of its 6.7 million U.S. dollars breakup with Accel-KKR. According to Stephen Besen, a...

  • SumTotal Board OKs Latest Vista Bid. Marino, Jonathan // Mergers & Acquisitions Report;5/25/2009, Vol. 22 Issue 21, p8 

    The article reports on the move of Vista Equity Partners to increase its pressure on SumTotal's board to agree to its buyout terms as the bidding war between the private equity firm and Accel-KKR has become increasingly tense. According to Vista, the largest shareholder of SumTotal, as bids from...

  • BIDDING AROUND SUMTOTAL COULD BUOY INDUSTRY. Frauenheim, Ed // Workforce Management;5/18/2009, Vol. 88 Issue 6, p11 

    The article offers information on the bidding war going on in the U.S. for human resources software vendor SumTotal Systems Inc. It is reported that private equity firms Vista Equity Partners and Accel-KKR each have offered to buy the company at prices above SumTotal's share price of $2.01 in...

  • Accel-KKR Has Merger Agreement with SumTotal. Marino, Jonathan // Mergers & Acquisitions Report;4/27/2009, Vol. 22 Issue 17, p19 

    The article reports on the merger agreement of SumTotal Systems with affiliates of Accel-KKR, a technology focused private equity firm. Accel-KKR outbid Vista Equity Partners, which announced its plans to buy SumTotal in April 2009. Accel-KKR is offering an all-cash transaction like Vista. RBC...

  • SumTotal Agrees to $160M Vista Buyout. Marino, Jonathan // Mergers & Acquisitions Report;6/1/2009, Vol. 22 Issue 22, p4 

    The article reports on the buyout of SumTotal by Vista Equity Partners. The 160 million U.S. dollars deal was done in a competitive bidding between Vista Equity and Accel-KKR. RBC Capital Markets acted as financial advisor to the board of SumTotal while Wilson Sonsini Goodrich & Rosati acted as...

  • Deals deferred.  // Fort Worth Business Press;11/11/2013, Vol. 25 Issue 38, p33 

    The article reflects on the impact of the rising stock market on the merger and acquisition (M&A) activity in the U.S. and mentions that U.S. deals are 33 percent below the value in 2007 along with a chart showing Standard & Poor's 500 Index and M&A volume.

  • Chemicals' M&A activity increased in 2014. VALK, VINCENT // Chemical Week;3/9/2015, Vol. 177 Issue 8, p10 

    The article reports on the increase of the mergers and acquisitions (M&A) activity in the U.S. chemical industry in 2014. Topics discussed include the country's high M&A deal equity, chief executive officer confidence issue in M&A, stable financial and economic conditions, and top deals in the...

  • Stocks Rally Modestly As Street Ponders Fed's Next Move. KEN SHREVE // Investors Business Daily;9/10/2015, p00 

    The article offers news briefs on the U.S. stocks market in 2015 including the increase in network security firm Palo Alto Networks Inc. stocks, merger of trucking firm Con-way and logistics firm XPO Logistics Inc., and the projected earning of home furnishings retailer Restoration Hardware Inc.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics