Entrust Accepts Buyout Offer

Susan Hall

Security software company Entrust has agreed to a $114 million buyout by private investment firm Thoma Bravo, reports The Associated Press in a story on Newsvine.com.

 

Shareholders will receive $1.85 in cash per share, roughly an 11 percent premium over Entrust's closing price Thursday (the market was closed Friday). The company's shares are down 50 percent from its peak last June, but the deal allows Entrust to consider competing offers for 30 days.

 

Meanwhile, the company beat Wall Street estimates for its first quarter, reporting earnings of 4 cents a share on revenue of $22.6 million, according to The Wall Street Journal.



Add Comment      Leave a comment on this blog post

Post a comment

 

 

 

 


(Maximum characters: 1200). You have 1200 characters left.

 

 

Subscribe to our Newsletters

Sign up now and get the best business technology insights direct to your inbox.


 

Resource centers

Business Intelligence

Business performance information for strategic and operational decision-making

SOA

SOA uses interoperable services grouped around business processes to ease data integration

Data Warehousing

Data warehousing helps companies make sense of their operational data