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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Infoblox Inc. | NYSE:BLOX | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 26.45 | 0 | 01:00:00 |
From Jul 2019 to Jul 2024
Network security provider Infoblox Inc. has agreed to be taken private by Vista Equity Partners in a $1.6 billion deal after a four-year run as a publicly traded company.
The transaction, at $26.50 a share in cash, represents a 73% premium to Infoblox's closing price on May 11, when media reports of Infoblox potentially being acquired were first published. It is a 16% premium to the stock's closing price on Friday.
Shares rose 15% to $26.26 in premarket trading Monday.
Santa Clara, Calif.-based Infoblox went public in 2012. In February, it purchased Internet Identity, a cybersecurity company that does business as IID, for $40 million in cash. After it gave a downbeat revenue forecast in May, the company cut 110 jobs, or 12% of its workforce in June.
Infoblox expects the Visa Equity transaction, unanimously approved by Infoblox's board, to close in its fiscal second quarter, which ends in January.
Write to Joshua Jamerson at joshua.jamerson@wsj.com
(END) Dow Jones Newswires
September 19, 2016 09:25 ET (13:25 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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