Kirkland Reps Vision Solutions In $242M Tech Deal

Law360, New York (May 17, 2010, 4:55 PM EDT) -- Vision Solutions Inc., a portfolio company of private equity firm Thoma Bravo LLC, has reached a deal to acquire data recovery firm Double-Take Software Inc. in a deal valued at approximately $242 million.

Under the terms of the agreement with Vision Solutions, Double-Take shareholders will receive $10.55 in cash for each share of common stock, representing a premium of approximately 21 percent to Double-Take's closing share price on April 9, the last business day before Double-Take publicly acknowledged that its board of directors was considering offers...
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