Gartner to use borrowings under existing loan to help fund Meta acquisition

By Sara Rosenberg

New York, Dec. 27 - Gartner Inc. plans to use borrowings under its existing line of credit along with cash on hand to fund the acquisition of Meta Group Inc. for about $162 million, according to a company news release.

The transaction, which is expected to close in the second quarter of 2005, is subject to customary closing conditions, including regulatory approvals, and approval by Meta stockholders.

Gartner is a Stamford, Conn., provider of research and analysis on the global information technology industry.

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