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ClickSoftware Technologies CKSW has agreed to be taken private by Francisco Partners in a deal valuing the company at $438 million.
The Fremont, Calif.-based networking company has been a target of activist shareholders since the fall 2014.
Procera Networks (PKT) is gaining Wednesday following the announcement that Francisco Partners Management will buy the company for $240 million.
Investors in Procera Networks Inc saw new options begin trading this week, for the May 2015 expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 148 days until expiration the newly trading contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration.
Activist fund that wants the company sold, would have to propose a slate by the end of January.