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NEWPORT BEACH, Calif. (AP) - Medical software company TriZetto Group said Friday it agreed to a $1.4 billion takeover by private equity firm Apax Partners.
Stockholders will receive $22 per share in cash, a 25 percent premium to Thursday's closing price of $17.67.
The total price includes consideration for stock options and shares related to the company's outstanding convertible notes. The stock-only portion of the deal is worth a total of $943.7 million, based on 42.9 million shares outstanding in mid-February.
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