Intergraph Buyout News Boosts Stock
Intergraph (Nasdaq: INGR) specializes in producing software which is excellent for various construction and geography projects. On Friday the company recieved a buyout offer to buy the company at an 18% premium. The offer came from a few investment groups, the biggest being Hellman & Friedman LLC and Texas Pacific Group. The offer also calls for current stockholders to recieve $44/share.