Posted AT 7:57 AM EST on 23/09/08
Constellation Software buys assets of Maximus Inc.
TORONTO — Constellation Software Inc. said Tuesday it is paying $40-million (U.S.) for the legal, education and asset-management lines of Maximus Inc.
Constellation said it will also assume contingent liabilities which may exceed $20-million.
Under the deal with Maximus, a large Virginia-based provider of government services, Constellation is to pay $35-million at closing and $5-million a year hence, subject to adjustments.
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