Kronos Agrees to Acquisition by Hellman & Friedman

Download IconDownload Print IconPrint

Kronos Agrees to Acquisition by Hellman & Friedman

Client News

Related Solutions

We offer clients exceptional insight in dealing with competition agencies in the United States, Europe and around the world.
WilmerHale lawyers have decades of experience advising public and private companies in all aspects of mergers and acquisitions.
A deep and diverse practice focused on maximizing tax efficiencies and minimizing tax risks for clients nationally and internationally.
With a team of lawyers recognized nationally as leading practitioners in the field, we regularly advise public and private companies, their shareholders and their key employees on tax aspects of mergers, acquisitions, dispositions and joint ventures. Clients rely on our advice to maximize their tax efficiencies and minimize their tax risks. Our clients include businesses from a wide range of sectors: technology, life sciences, publishing, telecommunications, aviation and defense, venture capital and private equity. We develop tax-efficient structures that help clients achieve business objectives and negotiate appropriate contractual protections against the assumption of unwanted tax risks.
WilmerHale has played a leading role in shaping the rules that govern the financial services industry in the United States.

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.

Notice

Unless you are an existing client, before communicating with WilmerHale by e-mail (or otherwise), please read the Disclaimer referenced by this link.(The Disclaimer is also accessible from the opening of this website). As noted therein, until you have received from us a written statement that we represent you in a particular manner (an "engagement letter") you should not send to us any confidential information about any such matter. After we have undertaken representation of you concerning a matter, you will be our client, and we may thereafter exchange confidential information freely.

Thank you for your interest in WilmerHale.

I Accept Cancel