Mimecast (MIME) Said To Draw Higher Bid From Security Rival Proofpoint - Bloomberg

January 13, 2022 6:16 AM EST

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(Updated - January 13, 2022 6:23 AM EST)

Mimecast Limited (NASDAQ: MIME), the security company Permira agreed to buy last year, received a higher takeover offer during its go-shop period but rejected teh bid on antitrust grounds, according to Bloomberg, citing people familari with the matter.

Proofpoint, backed by Thoma Bravo, offered on Dec. 31 to buy Mimecast for $92.50 per share.

Mimecast rejected the offer because it view the bid as carrying too much antirust risk.

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