Announced
Financials
Tags
Acquisition
Pending
Software
Public
Australia
Private Equity
Domestic
Friendly
software development
Majority
Single Bidder
Synopsis
Private equity firm Pacific Equity Partners offered to acquire The Citadel Group, an enterprise software and services company, for $366m. "The scheme is an attractive transaction which provides an all-cash option for Citadel shareholders. The Citadel board has unanimously concluded that the scheme represents a compelling outcome for our shareholders, customers, suppliers, and staff," Peter Leahy, Citadel Group Chairman.
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