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Manatron Rejects Raised Offer, Constellation Software Lowers Stake

by: Lon Juricic March 20, 2007 | about: MANA    
Lon Juricic

Lon Juricic

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In an amended 13D filing on Manatron Inc. (MANA), Constellation Software disclosed a raised offer for the company from $9 to $10. The firm said the proposal was rejected by the Board of Directors of the Issue on March 8, 2007.

Constellation Software also disclosed they lowered their stake in MANA to 4.02% from 5.45%.

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