Kronos Agrees to Acquisition by Hellman & Friedman

Kronos Agrees to Acquisition by Hellman & Friedman

News

WilmerHale is advising Kronos® Incorporated (Nasdaq: KRON), a leading provider of human capital management solutions, in its recently announced plans to be acquired by Hellman & Friedman Capital Partners VI, L.P. for approximately $1.8 billion.

On March 23, 2007, Kronos announced that it had signed a definitive agreement to be acquired by the private equity firm Hellman & Friedman Capital Partners VI, L.P. and its related funds in a transaction valued at approximately $1.8 billion. Under the terms of the agreement, Kronos shareholders will receive $55.00 in cash for each share of Kronos common stock, representing a 34.4% premium over Kronos’ closing share price from 20 trading days ago.

The WilmerHale team advising Kronos on the transaction includes John Burgess, Jay Bothwick, Michael LaCascia, Tod Reichert, Laurie Harrison and Elizabeth Akehurst-Moore from the Corporate Department; Linda Sherman and Julie Hogan from the Tax Department; and William Kolasky and Janet Ridge from the Antitrust and Competition Department.