Monday, July 2, 2012

Reuters: Private Equity: M*Modal to be acquired by One Equity for $1.1 bln

Reuters: Private Equity
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M*Modal to be acquired by One Equity for $1.1 bln
Jul 3rd 2012, 01:28

July 2 | Mon Jul 2, 2012 9:28pm EDT

July 2 (Reuters) - Technology services firm M*Modal said on Monday it would be acquired in an all cash deal for $1.1 billion by One Equity Partners, the private investment arm of JP Morgan Chase & Co.

One Equity Partners will pay $14 for each M*Modal share, a premium of 8.3 percent to the stock's close on July 2.

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