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.

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