Intergraph to be acquired by investor group

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp
Intergraph to be acquired by investor group

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.