March 6, 2018 / 1:21 PM / 7 months ago

CommerceHub to be acquired by GTCR, Sycamore Partners in $1.1 billion deal

March 6 (Reuters) - CommerceHub Inc said on Tuesday private equity firms GTCR and Sycamore Partners will acquire the e-commerce software provider in an all-cash deal valued at about $1.1 billion.

The offer of $22.75 in cash per share represents a premium of 24.5 percent to the stock's close on Monday.

The transaction is expected to close in the third quarter of 2018. (Reporting by Arjun Panchadar in Bengaluru; Editing by Bernard Orr)

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