Francisco Partners to buy ClickSoftware for $438 mln in cash

April 30, 2015 8:27 AM

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JERUSALEM, April 30 (Reuters) - ClickSoftware Technologies said on Thursday it signed a deal to be bought by private funds managed by Francisco Partners Management for $438 million in cash.

Francisco will buy all of ClickSoftware's outstanding shares for $12.65 each, a premium of 45 percent over the average closing price of the company's Nasdaq shares the past 90 days, it said.

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