Deltek completes $73M tender offer for Maconomy
Written on July 8, 2010
Herndon-based Deltek Inc. has completed its previously announced offer to buy Denmark-based Maconomy A/S for approximately $73 million in cash.
Deltek, which develops enterprise management software, said Tuesday that 94 percent of Maconomy’s outstanding shares were tendered and the company will promptly pay 20.50 Danish Kroner, or approximately $3.40, per share, in cash for them low fee payday loans.
Deltek said it expects to initiate a mandatory redemption under Danish law to acquire the remaining outstanding shares of Maconomy (NASDAQ OMX: MACO) in the coming weeks.
Filed in: news.