CompuDyne Accepts Buyout Offer

CompuDyne, an Annapolis provider of security products and services, said today it has agreed to be acquired by a group of private equity investors for about $59 million. The buyers include affiliates of the Gores Group, a California-based private equity firm, and Stuart Mackiernan, an industry executive who will take over as CompuDyne's chief executive once the transaction is completed. The $7-a-share offer represents a 32 percent premium to the $5.29 closing price of CompuDyne stock on Aug. 6. See CompuDyne's statement on the transaction.

By Mike Shepard  |  August 7, 2007; 10:10 AM ET  | Category:  Private Equity
Previous: Morning Brief 08.07.07 | Next: Norfolk Southern Reaches Labor Deal

Comments

Please email us to report offensive comments.



The comments to this entry are closed.

 
 
RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company