Here's Why Forescout Technologies Stock Is Falling Today
Shares of Forescout Technologies (NASDAQ: FSCT), a cybersecurity company, fell today after the company announced that it had filed a complaint against Advent International, a private equity firm that's in the process of buying Forescout.
Forescout's share price was down 6.2% as of 3:24 p.m. EST.
Forescout said that it filed the legal complaint because Advent had violated the terms of its merger agreement between the two companies. Advent entered a deal back in February to acquire Forescout for $1.9 billion, or $33 a share in cash, which was about an 18% premium from the company's share price at the time.
Source Fool.com
