DELTEK TO BUY MACONOMY

Maconomy logoDeltek is planning to buy Maconomy, a Danish software vendor, via a cash tender offer of roughly $3.39 per share. The announcement did not give a total value for the deal, but based on the number of Maconomy shares outstanding, the purchase price is about $72.7 million. Given that Maconomy had 2009 revenue of about $41 million, it’s a reasonable multiple. Maconomy has operations in the United States, but revenue here was only about $6.9 million last year. Read more...

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