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Vocus gets debt financing commitment for buyout by GTCR
By Sara Rosenberg
New York, April 7 - Vocus Inc. has received a commitment for new debt financing to help fund its acquisition by GTCR LLC, according to an 8-K filed with the Securities and Exchange Commission on Monday.
Other funds for the transaction will come from equity.
Under the agreement, Vocus is being purchased for $18.00 per share. The all-cash transaction is valued at about $446.5 million.
Closing is expected by the end of the second quarter, subject to satisfaction of a minimum tender condition, clearance under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, receipt of financing and other customary conditions.
Vocus is a Beltsville, Md.-based provider of cloud-based marketing and public relations software.
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