Infoblox (BLOX) Gains as Takeover Deal Said to Get Close

Vista Equity Partners to Acquire Infoblox (BLOX) in ~$1.6B Deal

Infoblox Inc. (NYSE: BLOX) 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 represents a 33% premium to Infobloxs average closing share price over the last 60 trading days, and a 73% premium to Infobloxs unaffected closing price as of May 11, 2016, when media reports of interest in acquiring Infoblox were first published. The transaction values Infoblox at approximately $1.6 billion.... More