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Websense Signs Definitive Agreement To Be Acquired By Vista Equity Partners
Shareholders to receive $24.75 per share in cash in transaction valued at approximately $1 billion
May 20, 2013
1 Min Read
PRESS RELEASE
SAN DIEGO, May 20, 2013 /PRNewswire/ -- Websense, Inc. (NASDAQ: WBSN) a global leader in protecting organizations from the latest cyber-attacks and data theft, today announced that it has entered into a definitive agreement to be acquired by Vista Equity Partners ("Vista"), a leading private equity firm focused on investments in software, data and technology-enabled businesses.
"After detailed discussions with several potential acquirers, the Websense board of directors is pleased to approve this agreement," said John Carrington, chairman of the Websense board of directors. "It provides stockholders with immediate and substantial cash value that reflects our assessment of the fair value of the company."
Under the terms of the agreement, Websense stockholders will receive $24.75 in cash for each share of Websense common stock they hold, representing a premium of approximately 29% over Websense's closing price on May 17, 2013 and a
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