Business
Constellation Makes US$46 Million Offer To Buy Manatron
Constellation Makes US$46 Million Offer To Buy Manatron.
About this update from Constellation Software Inc.
[{"type":"text","content":"\n\n\n\nTORONTO, Dec. 18 /CNW Telbec/ - Constellation Software Inc.\n(\"Constellation\") announced today it has filed a Schedule 13D/A with the\nSecurities and Exchange Commission. The schedule states that Constellation has\nnotified a Co-Chairman of the Board of Manatron Inc. of its offer to purchase\nthe outstanding common shares of Manatron for US$9.00 per share.\n\n\nManatron, headquartered in Portage, Michigan, has approximately 5,097,000\ncommon shares outstanding, which at US$9 a share makes the offer worth\napproximately US$45,873,000.\n\n\nConstellation noted in the filing that the proposal is not binding on\nConstellation at this time but is extended in sincerity to advance a\ncombination that Constellation believes is in the best interests of the\nshareholders of both companies.\n\n\nAbout Constellation Software Inc.\n\n\nConstellation Software Inc.'s common shares are listed on the Toronto\nStock Exchange under the symbol \"CSU\". Constellation is an international\nprovider of market-leading software and services to a number of industries\nacross the public and private sectors. The Company acquires, manages and\nbuilds vertical market software businesses that provide mission-critical\nsoftware solutions to address the specific needs of its customers in those\nindustries.\n\n\nForward Looking Statements\n\n\nCertain statements herein may be \"forward looking\" statements that\ninvolve known and unknown risks, uncertainties and other factors that may\ncause the actual results, performance or achievements of Constellation or the\nindustry to be materially different from any future results, performance or\nachievements expressed or implied by such forward-looking statements. These\nstatements reflect current assumptions and expectations regarding future\nevents and operating performance and speak only as of the date hereof. Forward\nlooking statements involve significant risks and uncertainties, should not be\nread as guarantees of future performance or results, and will not necessarily\nbe accurate indications of whether or not such results will be achieved. A\nnumber of factors could cause actual results to vary significantly from the\nresults discussed in the forward looking statements. These forward looking\nstatements are made as of the date hereof and Constellation assumes no\nobligation to update any forward looki...