Here's something you might be interested in.
San Diego-based Websense, which specializes in software to protect organizations from cyber attacks and data theft, agreed to be purchased today (May 20) for $902.88 million, or $24.75 per share, up from Friday's closing of $19.23. The buyer is private equity firm Vista Equity Partners. The stock zoomed to that price, $24.75, up 28.71%, where it is trading now. The Websense management team is expected to stay in place and the headquarters will remain in San Diego, according to the company's announcement.
San Diego-based Websense, which specializes in software to protect organizations from cyber attacks and data theft, agreed to be purchased today (May 20) for $902.88 million, or $24.75 per share, up from Friday's closing of $19.23. The buyer is private equity firm Vista Equity Partners. The stock zoomed to that price, $24.75, up 28.71%, where it is trading now. The Websense management team is expected to stay in place and the headquarters will remain in San Diego, according to the company's announcement.