According to WSJ, Mimecast (MIME) seeking strategic alternatives

  • October 28, 2021

POTENTIAL DEAL DETAILS

StockMimecast LimitedSymbolMIME
Date Announced10/27/2021Source Wall Street Journal
TypeCompany Seeking Strategic Alternatives
Date of Confirmation: 12/07/2021Price at Confirmation: $75.00
Potential Profit: -0.21%Annualized Profit: -1.90%

Email-security software maker Mimecast Ltd. (MIME) is exploring a possible sale, according to people familiar with the matter.

Update(s):

December 7, 2021: Mimecast Limited (MIME), announced that it has entered into a definitive agreement whereby funds advised by Permira, a global private equity firm, will acquire the company.

Under the terms of the agreement, Permira will acquire all outstanding ordinary shares of Mimecast for $80.00 per share in an all-cash transaction that values Mimecast at an equity value of approximately $5.8 billion.

For more details view Deal Metrics

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