Deals
Infoblox to Be Acquired by Vista Equity for $1.6 Billion
- Network company was working with Morgan Stanley on defense
- Activist Starboard revealed 7% stake in Infoblox in April
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Infoblox Inc., the network-security company that fielded both unsolicited takeover interest and an activist shareholder this year, agreed to be bought by private equity firm Vista Equity Partners in a deal valued at $1.6 billion.
Shareholders will receive $26.50 a share of common stock in cash, a 33 percent premium to the average closing share price over the last 60 trading days, the company said in a statement Monday. The deal is expected to close during Infoblox’s fiscal second quarter, or some time during the three months ending Jan. 31.