Vocus To Be Taken Private In $446.5 Million Deal

Vocus Inc, a provider of cloud-based marketing and public relations software, said it would be bought by private equity firm GTCR Valor Merger Sub Inc for about $446.5 million.

GTCR will offer $18 per Vocus share, representing a premium of 48 percent to Vocus's closing share price on Friday.

GTCR will also buy Vocus's Series A convertible preferred stock for $77.3 million.

The deal is expected to close in the second quarter of 2014.

Shares of Beltsville, Maryland-based Vocus closed at $12.18 on the Nasdaq on Friday.