Camelot Information Systems Inc. (NYSE: CIS) is merging with parent company Camelot Employee Scheme Inc. in a deal that values Camelot Information at $98.2 million.

The deal works out to about $2.05 per American Depository share, more than the company’s $1.50 per share stock trading price on March 11, the last day of trading before the announcement of a going-private proposal. The company’s shares were trading at $1.80 on September 18.

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