U.S.-based Deltek, Inc. (NASDAQ: PROJ), a leading provider of enterprise applications software and solutions for project-focused businesses, today announced an offer to acquire 100 percent of the stock of the Danish ERP provider Maconomy. The all-cash offer is for DKK 20.50 for each Maconomy share. If the final offer is accepted by Maconomy’s stockholders, both companies see significant benefits and a bright future ahead for the combined company.
Deltek, the leading provider of enterprise applications software and solutions designed specifically for project-focused businesses, has announced an offer to acquire the Danish ERP provider Maconomy. Deltek’s cash offer of DKK 20.50 per share represents a premium of approximately 50 percent over prior days closing price on the NASDAQ OMX Copenhagen Exchange.
The Board of Directors and the Executive Group of Maconomy unanimously endorse the offer expected to close in early July. Consequently they recommend that all Maconomy stockholders tender their shares. To complete the deal, stockholders representing over 90 percent of all Maconomy shares must approve the offer. Maconomy’s two largest stockholders controlling more than 30 percent of the shares have already agreed to tender their shares to Deltek. The Board of Directors and the Executive Group of Maconomy have also agreed to tender their shares to Deltek.
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