Firm Represents JP Morgan as Financial Advisor in Acquisition of MSC by STG
07.09.09
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Simpson Thacher is representing JP Morgan as financial advisor to MSC.Software ("MSC"), a leading global provider of simulation software and services, in its acquisition by Symphony Technology Group ("STG"). MSC has entered into a definitive agreement with affiliates of STG under which a company controlled by STG will acquire all of MSC's outstanding shares in a one-step cash merger transaction valued at approximately $360 million.
Under the terms of the agreement, MSC's stockholders will receive $7.63 in cash for each share of MSC common stock. The transaction is subject to customary closing conditions, including approval of MSC's stockholders and regulatory approvals and is expected to close near the end of the third quarter of 2009.
The Simpson Thacher team includes: Robert E. Spatt, Ryan M. Gavin and Ashwin Cheriyan (M&A).