Subscribe Today

Get our free articles delivered directly to your email!

Continue reading

According to WSJ, Mimecast (MIME) seeking strategic alternatives

  • October 28, 2021


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.


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

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.