Gartner, Inc., the leading provider of research and analysis on the global information technology industry, has announced that it will purchase ValueAct Capital Partner's remaining holdings in Gartner common stock at a price of $35.20 per share, representing a 3.5% discount to Monday's closing price. The purchase will be made pursuant to the Company's previously announced $500 million share repurchase program. As a result, the company will acquire 1,648,434 shares at a total cost of just over $58 million. After this transaction, there will remain approximately $295 million in the share repurchase program.
Gartner, Inc. is the world's leading information technology research and advisory company. Gartner delivers the technology-related insight necessary for its clients to make the right decisions, every day. From CIOs and senior IT leaders in corporations and government agencies, to business leaders in high-tech and telecom enterprises and professional services firms, to technology investors, Gartner is the valuable partner to over 11,700 distinct organizations. Through the resources of Gartner Research, Gartner Consulting and Gartner Events, Gartner works with every client to research, analyze and interpret the business of IT within the context of their individual role. Founded in 1979, Gartner is headquartered in Stamford, Connecticut, U.S.A., and has 4,900 associates, including over 1,250 research analysts and consultants, and clients in 85 countries. For more information, visit www.gartner.com.