Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Cloud

10/10/2018
03:00 PM
50%
50%

Imperva to Be Acquired by Thoma Bravo for $2.1 Billion

But two law firms are investigating whether the security vendor breached its fiduciary duty to shareholders by not actively seeking buyers offering a higher price.

Security vendor Imperva has announced an agreement to be acquired by private equity firm Thoma Bravo. Imperva will operate as a privately held company when the deal, valued at approximately $2.1 billion, closes at the end of 2018 or beginning of 2019.

Imperva shareholders will receive $55.75 per share in cash on closing. The purchase agreement allows for a 45-day "go-shop" period for Imperva, during which the company can look for a superior offer and enter into negotiations. The purchase is also subject to Imperva shareholder approval and regulatory review.

Shortly after the sale was announced, law firms Johnson Fistel and Rigrodsky & Long issued press releases stating that they have launched independent investigations into whether Imperva's board had breached its fiduciary duty to shareholders by not actively seeking buyers offering a higher price. As evidence for its investigation, Johnson Fistel stated that a Wall Street analyst has established a $65 per share target for the stock.

Qatalyst Partners is acting as Imperva's financial adviser in the transaction.

Read more details here, here, and here.

 

Black Hat Europe returns to London Dec 3-6 2018  with hands-on technical Trainings, cutting-edge Briefings, Arsenal open-source tool demonstrations, top-tier security solutions and service providers in the Business Hall. Click for information on the conference and to register.

Dark Reading's Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Where Businesses Waste Endpoint Security Budgets
Kelly Sheridan, Staff Editor, Dark Reading,  7/15/2019
US Mayors Commit to Just Saying No to Ransomware
Robert Lemos, Contributing Writer,  7/16/2019
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Current Issue
Building and Managing an IT Security Operations Program
As cyber threats grow, many organizations are building security operations centers (SOCs) to improve their defenses. In this Tech Digest you will learn tips on how to get the most out of a SOC in your organization - and what to do if you can't afford to build one.
Flash Poll
The State of IT Operations and Cybersecurity Operations
The State of IT Operations and Cybersecurity Operations
Your enterprise's cyber risk may depend upon the relationship between the IT team and the security team. Heres some insight on what's working and what isn't in the data center.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2018-17210
PUBLISHED: 2019-07-20
An issue was discovered in PrinterOn Central Print Services (CPS) through 4.1.4. The core components that create and launch a print job do not perform complete verification of the session cookie that is supplied to them. As a result, an attacker with guest/pseudo-guest level permissions can bypass t...
CVE-2019-12934
PUBLISHED: 2019-07-20
An issue was discovered in the wp-code-highlightjs plugin through 0.6.2 for WordPress. wp-admin/options-general.php?page=wp-code-highlight-js allows CSRF, as demonstrated by an XSS payload in the hljs_additional_css parameter.
CVE-2019-9229
PUBLISHED: 2019-07-20
An issue was discovered on AudioCodes Mediant 500L-MSBR, 500-MBSR, M800B-MSBR and 800C-MSBR devices with firmware versions F7.20A to F7.20A.251. An internal interface exposed to the link-local address 169.254.254.253 allows attackers in the local network to access multiple quagga VTYs. Attackers can...
CVE-2019-12815
PUBLISHED: 2019-07-19
An arbitrary file copy vulnerability in mod_copy in ProFTPD up to 1.3.5b allows for remote code execution and information disclosure without authentication, a related issue to CVE-2015-3306.
CVE-2019-13569
PUBLISHED: 2019-07-19
A SQL injection vulnerability exists in the Icegram Email Subscribers & Newsletters plugin through 4.1.7 for WordPress. Successful exploitation of this vulnerability would allow a remote attacker to execute arbitrary SQL commands on the affected system.