Twitter LinkedIn
    Saturday, March 25
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Acquisitions»Proofpoint Stockholders Approve Acquisition by Thoma Bravo
    Acquisitions

    Proofpoint Stockholders Approve Acquisition by Thoma Bravo

    July 23, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    Proofpoint, Inc., a leading cybersecurity and compliance company, today announced that its stockholders voted to approve the acquisition of Proofpoint by Thoma Bravo, a leading software investment firm.

    Gary Steele, Chairman and CEO of Proofpoint, said, “On behalf of the Proofpoint Board of Directors, I would like to thank our stockholders for their support of this transaction. Today’s vote represents an important milestone towards becoming a private company, and we look forward to delivering premium cash value to our stockholders once the transaction closes.”

    Under the terms of the merger agreement announced on April 26, 2021, Proofpoint shareholders will receive $176.00 in cash for each share of Proofpoint common stock they own. The transaction remains on track to close in the third quarter of 2021, subject to customary closing conditions, including receipt of regulatory approvals. Upon closing of the transaction, Proofpoint’s common stock will no longer be listed on any public market.

    Read More

    Source: Street Insider

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Acquisition Deal PE Insider Private Equity
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    PE firm CVC buys $155 mln minority stake in Indonesia’s Samator Indo Gas

    March 17, 2023

    Euroclear moves into $9.8 trillion private asset market with Goji buy

    December 21, 2022

    Warburg Pincus acquires K2 Insurance Services from Lee Equity Partners

    December 6, 2022

    CAI raises over $1B for inaugural fund and co-investment programme

    November 18, 2022

    Comments are closed.

    Other Articles

    Carlyle to sell Cupa Group to Brookfield

    February 2, 2022

    Israel’s ironSource trades in New York after $11 billion SPAC merger

    June 29, 2021

    EQT to sell Aldevron to Danaher Corporation for enterprise value of $9.6 billion

    June 17, 2021

    Citizens advises Bionix Development Corporation on recapitalisation by Argosy Private Equity

    February 17, 2021

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2023 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.


    Lost password?