ForeScout Technologies, Inc. (FSCT) Commences Litigation Against Advent International

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Go back to ForeScout Technologies, Inc. (FSCT) Commences Litigation Against Advent International

Forescout Commences Litigation Against Advent International

May 20, 2020 8:01 AM EDT

SAN JOSE, Calif., May 20, 2020 (GLOBE NEWSWIRE) -- Forescout Technologies, Inc. (Nasdaq: FSCT), the leader in device visibility and control, filed a complaint with the Delaware Court of Chancery asserting that affiliates of Advent International Corporation (Advent) have violated the terms of their merger agreement with Forescout. Forescout is asking the Court to compel Advent to honor its commitments and immediately complete the pending acquisition of Forescout.

On May 15, 2020, Advent notified Forescout that it would not consummate the acquisition on May 18, 2020, as scheduled. Advents purported excuse for its... More