Proofpoint agreed to a takeover by private equity group Thoma Bravo. The deal will value the cybersecurity company at $12.3 billion.
Proofpoint shareholders will receive $176 in cash for each outstanding share, a 33.55% premium to its Friday closing price.
The deal also includes a 45-day 'Go Shop" period that will expire on June 9.
“Proofpoint has established itself as a true powerhouse in the cybersecurity sector due to its innovative suite of market-leading products and impressive customer base of leading companies around the world,” said Thomas Brova partner Chip Virnig. “As the sophistication of cyberattacks continues to increase, Proofpoint is delivering the most effective solutions to help organizations protect their data and people across digital platforms."
a provider of email security and data loss prevention solutions
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