Gartner Closes Secondary

The company also buys back a million shares from Silver Lake.
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The Stamford, Conn.-based IT research provider

Gartner

(IT) - Get Report

announced Wednesday the closing of a secondary offering of 9.5 million shares of its common stock at $14.75 a share, the pricing for which was annnounced by the company on May 19.

The company also announced the closing of the repurchase of an aggregate of 1 million shares of common stock from Silver Lake at a purchase price of $14.05 a share.

James C. Smith, chairman of Gartner's board, also purchased an aggregate of 200,000 shares of common stock from Silver Lake at a purchase price of $14.05 a share.

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