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Websense to go private after years of slow growth |
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Yahoo! Tech/Internet News
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05/20/2013 at 10:32:57 |
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(Reuters) - Websense Inc said it had agreed to be taken private by Vista Equity Partners in a deal that values the online security firm at about $907 million, a move that should come as a relief to investors after years of weak sales from its legacy business. The offer of $24.75 per share represents a roughly 29 percent premium to Websense's Friday close. Websense shares rose to just above the offer price to a near two-year high in morning trading on the Nasdaq. ...
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