Kronos taken private in $1.8 billion deal

By Lisa Kerner

Charlotte, N.C., June 11 - The $1.8 billion acquisition of Kronos Inc. by affiliates of Hellman & Friedman Capital Partners VI, LP is complete, according to a company news release.

The companies announced a definitive agreement on March 23 that gives Kronos shareholders $55 per share in cash and takes the Chelmsford, Mass.-based human capital management services company private.

Kronos stock ceased to trade on the Nasdaq Global Select Market at market close on Monday.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.