Private equity firm Vista Equity Partners Management LLC has agreed to acquire Infoblox Inc (BLOX.N), a U.S. network security firm targeted by activist hedge fund Starboard Value LP, for $1.6 billion, a person familiar with the matter said on Monday.
Vista Equity will pay $26.50 per share in cash for Infoblox, the person said. Reuters had reported last month the company had launched an auction to sell itself after coming under pressure from Starboard to do so.
20:41 Jose Bautista to re-sign with Blue Jays with one-year deal8
12:23 Morgan Stanley beats, has a record-breaking quarter for wealth management17
09:29 Tobacco giant BAT buys out US firm Reynolds in mega-deal15
07:25 India's SpiceJet agrees to buy up to 205 Boeing jets, worth $22 billion19