Noonday reports 7.5% stake in TriZetto

By Angela McDaniels

Tacoma, Wash., May 12 - TriZetto Group, Inc. investors led by Noonday Asset Management, LP purchased 1,613,000 shares of the company's stock between April 11 and May 6.

The shares were priced from $20.36 to $21.11 each, according to a schedule 13D filing with the Securities and Exchange Commission.

The reporting persons beneficially own 3,210,500 shares, or 7.5%, of the company's common stock.

In April, TriZetto agreed to be taken private by funds advised by Apax Partners for $22.00 per share, or $1.4 billion. The transaction is expected to close between August and October.

TriZetto develops, licenses and supports proprietary and third-party software products for the U.S. health-care industry. The company is based in Newport Beach, Calif.

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