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ICG Group Inc Announces Procurian's Signing Of A Definitive Agreement To Be Acquired By c For $375 Million

Thursday, 3 Oct 2013 09:00am EDT 

ICG Group Inc announced the execution of a definitive agreement for the sale of Procurian Inc to Accenture plc for $375 million in cash, subject to certain adjustments at closing, including working capital, cash, debt and other items. Consummation of the transaction is subject to customary closing conditions and is expected to occur in the fourth quarter. ICG is expected to realize approximately $324 million in connection with the sale. A portion of ICG's proceeds will be held in escrow and will be subject to potential indemnification claims. ICG does not expect to owe any income taxes in connection with the transaction. 

Company Quote

-1.22 -1.52%
31 Jul 2014