logo
Share SHARE
FONT-SIZE Plus   Neg

Project Diamond Intermediate To Acquire Onvia For $9.00/shr - Quick Facts

Onvia (ONVI) announced an agreement and plan of merger with Project Diamond Intermediate Holdings Corp, the parent entity of Deltek, and Deltek, a global provider of enterprise software and information solutions for government contractors, professional services firms and other project-based businesses. Project Diamond Intermediate Holdings Corp will acquire all of the outstanding shares of Onvia common stock for $9.00 per share in an all-cash tender offer. The value of the transaction is approximately $70 million.

The transaction will be completed through an all-cash tender offer. The Onvia Board unanimously recommended that stockholders tender their shares in the offer. Following the transaction, Onvia will become a privately held company and its common shares will no longer be listed on any public market.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
10 Worst Places To Raise A Family Whether you are a young couple building a nest or seasoned parents looking for a change of scenery, there are number of places around the country that should be avoided, according to personal finance website WalletHub. They looked at mainly five categories for... A passenger has filed a lawsuit against Canadian budget airline Sunwing Airlines for serving him cheap sparkling wine instead of champagne on board a flight, according to media reports. The Canadian passenger, Daniel MacDuff, reportedly boarded his Sunwing flight to Cuba in February, on a flight package that advertised a complimentary on-board champagne toast. Senate Health Committee Chairman Lamar Alexander, R-Tenn., and ranking member Patty Murray, D-Wash., announced Thursday that twenty-two other Senators are cosponsoring their bipartisan plan to provide short-term stability to Obamacare. The bipartisan bill includes a two-year extension of the cost-sharing...
comments powered by Disqus
Follow RTT