Today before the market opened,  Crabtree holding Constant Contact (CTCT) announced that it had received an all-cash offer of $32/share from Endurance International Group (EIGI). Endurance is a web/cloud software developer that is, like Constant Contact, also headquartered in Eastern Massachusetts. The $32/share offer represented a 23% premium over Constant Contact’s closing price this past Friday, October 30. As is customary, we elected to sell our entire Constant Contact position this morning, recieving $31.88/share. This represents the 22nd time a Crabtree Fund holding has been the subject of a takeout offer since the portfolio’s inception on March 31, 2009. The last time this happened was two months ago on September 3, when Diodes Inc.  made an offer for Crabtree holding Pericom Semiconductor (PSEM).