Hellman & Friedman Complete Acquisition of Kronos (KRON)
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Kronos Incorporated (Nasdaq: KRON) announced the completion of the acquisition of Kronos by entities affiliated with Hellman & Friedman Capital Partners VI, L.P., a private equity investment firm.
Under terms of the agreement, Kronos shareholders will receive $55.00 per share in cash for each share of Kronos common stock held.
Kronos stock will cease to trade on the Nasdaq Global Select Market at market close today, and will no longer be listed. Kronos has appointed JP Morgan as its paying agent, and, as soon as practicable, will mail a letter of transmittal and instructions to all Kronos shareholders of record.
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