USA, 13 October 2006: Software company Intergraph Corp. said that it will hold a special meeting of stockholders on November 20 to vote on a previously announced acquisition that would take the company private.
The Huntsville, Alabama based company, which makes spatial information management software used for mapping and emergency services control, had earlier announced on August 31 that it would be acquired in a $1.3 billion transaction by an investor group led by Hellman & Friedman LLC and Texas Pacific Group.
Intergraph’s board has already approved the agreement and has recommended that the company’s shareholders do the same. Stockholders of record as of October 11 will be able to vote at the special meeting. Shares of Intergraph rose 7 cents to close at $43.13 on the Nasdaq.