GTY Technology Holdings Inc. (NASDAQ: GTYH) stated it entered into a definitive agreement to be acquired by a private investment firm, GI Partners, and that it will become a privately held company. Under the announced terms, GTY shareholders will receive $6.30 in cash for each share of GTY common stock, upon completion of the transaction. The purchase price represents a 123% premium over yesterday’s closing share price and an even greater premium over the 52 week low that it hit last week.
For further information regarding the announcement and terms
