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Gartner, Inc.
IT announced today 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.
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