Thoma Bravo's $1B Deltek Buyout Cheats Investors, Suit Says

Law360, New York (September 4, 2012, 5:25 PM EDT) -- Deltek Inc., a key software provider to government contractors, and its board of directors were hit with a shareholder class action Friday claiming their $1.1 billion going-private deal with private equity firm Thoma Bravo LLC improperly discounted the company and cheated investors.

Deltek, its board and majority shareholder New Mountain Capital LLC announced Aug. 27 that they had approved the $13-per-share takeover, ignoring analyses valuing the company's stock as high as $16 per share and accepting extremely unfavorable conditions, according to the complaint.

The proposed class...
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