Tech Company M&A Transactions
META Group Acquisition
META Group, based in Stamford, was bought by Gartner. The transaction price was $162 million.
Transaction Overview
Company Name
Acquired By
Announced On
12/27/2004
Transaction Type
M&A
Amount
$162,000,000
M&A Terms
Gartner, Inc. (NYSE: IT and ITB), and META Group, Inc. (Nasdaq: METG), a premier information technology research and consulting firm, today announced that the companies have reached an agreement under which Gartner will acquire META Group.Under the terms of the transaction, which was announced on December 27, 2004, META Group shareholders will receive $10.00 per share, or approximately $168M in cash. As previously reported, Gartner expects the acquisition and the subsequent integration to be earnings neutral in 2005, exclusive of charges related to the transaction, and will result in increased EBITDA of approximately $20 million in 2006.
Company Information
Company Status
Acquired or Merged
Industry
Consulting
Mailing Address
208 Harbor Drive
Stamford, CT 06912
USA
Stamford, CT 06912
USA
Phone
Website
Email Address
Not Recorded
Overview
META Group offerings span: publications and interactive reports (INforum) - educating and informing clients on topical issues and subjects; advisory services (INsights, INfusion).
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Gayl Doster
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