Piper Jaffray Downgrades Infoblox (BLOX) to Neutral

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Go back to Piper Jaffray Downgrades Infoblox (BLOX) to Neutral

Infoblox Announces Agreement to Be Acquired by Vista Equity Partners for $26.50 Per Share in Cash

September 19, 2016 7:51 AM EDT

Transaction Valued at Approximately $1.6 Billion.
Purchase Price Represents a 33% Premium Over 60 Day Average and 73% Premium to Unaffected Stock Price

SANTA CLARA, Calif.--(BUSINESS WIRE)-- Infoblox Inc. (NYSE: BLOX), the network control company, 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 software, data and technology-enabled businesses. Under the terms of the agreement, Infoblox stockholders will receive $26.50 per share of common stock in cash, which... More