Onvia Agrees To Be Acquired By Deltek

SEATTLE , Oct. Onvia (NASDAQ: ONVI), andnbsp;the leading provider of sales intelligence and acceleration technologies for businesses selling to the public sector, today announced that it has entered into an Agreement and Plan of Merger (the "Merger Agreement") with Project Diamond Intermediate Holdings Corp, the parent entity of Deltek, and Deltek, the leading global provider of enterprise software and information solutions for government contractors, professional services firms and other project-based businesses. andnbsp;Under the terms of the Merger Agreement, Project Diamond Intermediate Holdings Corp will acquire all of the outstanding shares of Onvia common stock for $9.00 per share in an all-cash tender offer.andnbsp; The purchase price represents a 100% premium to Onvia's last closing stock price of $4.50 . andnbsp;The value of the transaction, which was unanimously approved by Onvia's Board of Directors, is approximately $70 million .andnbsp; Click here for more.

from Cellular News http://bit.ly/2gdwdD5