Shareholders approve Kronos sale

Kronos Inc. said today that company shareholders approved its proposed purchase by Hellman & Friedman Capital Partners VI, L.P., a San Francisco private equity firm.

Kronos is a Chelmsford-based software maker that helps businesses manage their workforces.

In March, Kronos announced that it had signed an agreement to be acquired by Hellman & Friedman in a transaction valued at approximately $1.8 billion.

Investing alongside Hellman & Friedman is JMI Equity, a private equity firm with offices in Baltimore and San Diego that is focused on the software and business services industries, Kronos said.

Based on preliminary results, Kronos said that the number of shares that voted to approve the merger agreement represented about 79 percent of the total number of shares of Kronos common stock outstanding.

The company said the transaction is expected to close Monday.
(By Chris Reidy, Globe staff)