Monday, November 20, 2006 7:30:00 AM PDT | VentureDeal Staf
GREAT RIVER, NY -- Netsmart Technologies (Nasdaq: NTST) has
agreed to be acquired and taken private by two venture capital firms, including
management participation in the company.
The two firms, Insight Venture Partners and Bessemer Venture Partners, will pay
approximately $16.50 per share to public shareholders, representing a 23.5%
premium over the average closing price of the stock over the last 20 trading
Total value of the transaction is expected to be approximately $115 million and
has been approved by the Board of Directors of Netsmart.
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