Tag: Ultimate Software

Ultimate Software Sells for $11 Billion

An investor group led by private-equity firm Hellman & Friedman has reached a deal to buy Ultimate Software Group Inc. for about $11 billion and take the public company private. The Hellman & Friedman-led group agreed to pay $331.50 a share in cash. The deal offers a 19% premium to the company’s Friday closing price. The deal is expected to close in mid-2019. The…