SumTotal Systems rejects takeover offer from Accel-KKR - MarketLine Financial Deals

SumTotal Systems rejects takeover offer from Accel-KKR

SumTotal Systems rejects takeover offer from Accel-KKR - MarketLine Financial Deals
SumTotal Systems rejects takeover offer from Accel-KKR
Published May 27, 2009
4 pages — Published May 27, 2009
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Abstract:

SumTotal Systems, Inc., a provider of talent development and learning solutions, has terminated its amended agreement with Accel-KKR, LLC, a private equity firm, following the expiration of the negotiation period granted to Accel-KKR under the terms of the prior agreement. In accordance with the terms of the prior agreement, SumTotal paid a termination fee of $6.67 million to Accel-KKR.

  
Source:
Document ID
MA03547_090428
Country
Ticker
SUMTE=US
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MarketLine Financial Deals—MarketLine Financial Deals – Identifying and tracking major financial activity across our full scope of company and sector coverage, MarketLine Financial Deals covers mergers & acquisitions, private equity/venture capital backed buyouts, investments, and exits, IPOs and secondary and follow on offerings, and private placements and exits. Additional non-corporate financial deals including partnership agreements, joint ventures, co-development and research, licensing and co-marketing agreements are also available.

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MLA:
MarketLine Financial Deals. "SumTotal Systems rejects takeover offer from Accel-KKR" May 27, 2009. Alacra Store. Dec 04, 2016. <http://www.alacrastore.com/storecontent/MarketLine-Financial-Deals/SumTotal-Systems-rejects-takeover-offer-from-Accel-KKR-2052-3409>
  
APA:
MarketLine Financial Deals. (2009). SumTotal Systems rejects takeover offer from Accel-KKR May 27, 2009. New York, NY: Alacra Store. Retrieved Dec 04, 2016 from <http://www.alacrastore.com/storecontent/MarketLine-Financial-Deals/SumTotal-Systems-rejects-takeover-offer-from-Accel-KKR-2052-3409>
  
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