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Golden Gate Capital to buy Sierra Systems
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Location: Blogs News |
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| Posted by: ITNovaScotia Admin |
Tuesday, October 17, 2006 |
VANCOUVER (CP) - Sierra Systems Group Inc. (TSX:SSG) has signed a deal to be bought by a U.S. private-equity firm for $93.2 million in cash, the information-technology company said Monday.
Golden Gate Capital will pay $9.25 a share for the technology and business consulting firm...
See the full story at CANOE Money |
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Comments (1)
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Re: Golden Gate Capital to buy Sierra Systems |
By Tom R. on
Thursday, October 19, 2006 |
| so will there be any peripheral benefit for the ol' easttech boys? bought by sierra, then sierra gets bought a couple years later. the new owners are taking them private, and offering a bit more than the stock price, so a lot of the employees are doing good, i heard. should be interesting to see if this golden gate capital, which is mostly tech-ish or technical in their other holdings (except maybe for the cheque cashing stores), spins them off again after making them a more robust company... |
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