SunGard Goes Private


SunGard Data Systems, the Wayne, Penn.-based provider of data management, trading, risk and other software, announced last week that it has been bought out for $11.3 billion by a consortium of private equity firms, confirming earlier reports (IMD, March 28).

SunGard stockholders will receive $36 in cash for each share of SunGard common stock they hold. SunGard’s shares closed at $34.36 on March 28, the day the deal was announced.

The company’s board of directors has approved the agreement and