LLR Partners Boosts I-Many Buyout Price

LLR Partners has increased its acquisition offer for I-many (Nasdaq: IMNY), an Edison, N.J.-based provider of enterprise contract management software and services. Under terms of the agreement, I-many stockholders would now receive $0.49 per share in cash, compared to an original offer of $0.43 per share. The total transaction price would be $47.3 million (or $26.6 million net of I-many's debt and transaction-related expenses).

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