Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Proofpoint Stock Soared Today

TheMotleyFool

0 0

Shares of Proofpoint (NASDAQ: PFPT) surged 31% on Monday after the cybersecurity and compliance company announced that it reached a deal to be acquired by private equity firm Thoma Bravo.

The all-cash deal values Proofpoint at roughly $12.3 billion. Proofpoint shareholders will receive $176 in cash for each share they own, a 34% premium to the stock's closing price on Friday.

"Today's announcement is a testament to the strength of Proofpoint's people-centric approach to cybersecurity and compliance and underscores our important role preventing, defending, and responding to today's threats," Proofpoint CEO Gary Steele said in a press release.

Source Fool.com

Like: 0

PFPT

Share