KKR (KKR) has agreed to acquire all outstanding shares of Frankfurt-listed IT services provider Datagroup for 54 euros ($61.40) per share in cash, Datagroup said late Tuesday.
As part of the deal, the company said it would delist from the stock exchange once the purchase is settled, with closing expected in Q3.
Datagroup said its management and supervisory boards support the offer and intend to recommend it to shareholders, with board members also planning to tender their own shares.
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