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
Bill Murphy, CTO of Blackstone, once again joins the podcast to discuss the private equity firm's new offices, designed to house its innovations team.Subscribe to Weekly Wrap emails
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