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Wednesday, October 10, 2018

-=Imperva (IMPV) to be acquired by Thoma Bravo for $55.75/share

Imperva is a cyber security software and services company which provides protection to enterprise data and application software. 
Headquarters: Redwood Shores, California
Revenue: 321.7 million USD (2017)
Number of employees: 1,000
imperva.com

Imperva to be acquired by Thoma Bravo for $55.75/share in cash, or approximately $2.1 bln; deal includes go-shop period 
  • The transaction is currently expected to close late in the fourth quarter of 2018 or early in the first quarter of 2019, subject to approval by Imperva's stockholders and regulatory authorities and the satisfaction of customary closing conditions.
  • The merger agreement provides for a 45-day "go-shop" period, during which Imperva's Board and advisors may actively solicit alternative acquisition proposals and enter into negotiations with other parties. During this period, Imperva will have the right to terminate the merger agreement to enter into a superior proposal subject to the terms and conditions of the merger agreement. There can be no assurance this 45-day "go-shop" period will result in a superior proposal.
  • Prelim Q3 results: Co sees Non-GAAP EPS of $0.20-0.25 vs $0.14 S&P Capital IQ Consensus Estimate; revs $90-92 mln vs $87.97 mln S&P Capital IQ Consensus Estimate; billings of $103-105 mln

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