CA Acquires Concord Communications for $350,000,000
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1017a174-06a7-4ced-af26-b1b895663aff&Preview=1 -
Date
4/8/2005 -
Company Name
Concord Communications -
Mailing Address
400 Nickerson Road Marlboro, MA 01752 -
Company Description
CA is one of the world’s largest IT management software providers. Our software and expertise unify and simplify complex IT environments in a secure way across the enterprise for greater business results. -
Website
http://www.concord.com/
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Transaction Type
M&A -
Transaction Amount
$350,000,000 -
Transaction Round
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Proceeds Purposes
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M&A Terms
Computer Associates agreed to acquire Concord Communications for $350 million in cash to fortify its network service management software position. CA will offer $17 per share for $330 million, plus an assumption of $20 million in debt from Concord for the total purchase price.
