TORONTO, March 5 /CNW Telbec/ - Constellation Software Inc.
("Constellation") (TSX: CSU) announced today it has filed a Schedule 13D/A
with the Securities and Exchange Commission. The schedule states that
Constellation has notified a Co-Chairman of the Board of Manatron Inc. of its
revised offer to purchase the outstanding common shares of Manatron Inc. for
US$10.00 per share.
Manatron, headquartered in Portage, Michigan, has approximately 5,100,000
common shares outstanding, which at US$10.00 a share makes the offer worth
approximately US$51 million.
Constellation noted in the filing that the proposal is not binding on
Constellation at this time but is extended in sincerity to advance a
combination that Constellation believes is in the best interests of the
shareholders of both companies.
About Constellation Software Inc.
Constellation Software Inc.'s common shares are listed on the Toronto
Stock Exchange under the symbol "CSU". Constellation is an international
provider of market-leading software and services to a number of industries
across the public and private sectors. The Company acquires, manages and
builds vertical market software businesses that provide mission-critical
software solutions to address the specific needs of its customers in those
Forward Looking Statements
Certain statements herein may be "forward looking" statements that
involve known and unknown risks, uncertainties and other factors that may
cause the actual results, performance or achievements of Constellation or the
industry to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements. These
statements reflect current assumptions and expectations regarding future
events and operating performance and speak only as of the date hereof. Forward
looking statements involve significant risks and uncertainties, should not be
read as guarantees of future performance or results, and will not necessarily
be accurate indications of whether or not such results will be achieved. A
number of factors could cause actual results to vary significantly from the
results discussed in the forward looking statements. These forward looking
statements are made as of the date hereof and Constellation assumes no
obligation to update any forward looking statements to reflect new events or
For further information:
For further information: Barry Symons, Chief Financial Officer, (416)
861-2279, firstname.lastname@example.org, www.csisoftware.com