Enterprise software provider Deltek (PROJ) will be acquired by PE firm Thoma Bravo for ~$1.1B in...

|By:, SA News Editor

Enterprise software provider Deltek (PROJ) will be acquired by PE firm Thoma Bravo for ~$1.1B in cash. The $13/share takeout is a 7% discount to PROJ's stock price on Aug. 24, and a 24% premium over the price on June 11, the day before PROJ broadly disseminated information on its sales process to interested parties.