FORG - ForgeRock falls as shareholders approve sale to Thoma Bravo

• ForgeRock ( NYSE: FORG ) fell 2.6% as shareholders voted to approve the planned sale to Thoma Bravo.
• ForgeRock ( FORG ) holders vote to approve the deal at a 12pm holder vote, according to an trader who listened to a broadcast of the meeting.
• ForgeRock ( FORG ) investors are likely disappointed that  an unidentified strategic bidder that was considering an offer for the company didn't make a bid for the identification-verification software before the vote. ForgeRock disclosed last month that an unidentified strategic buyer, identified as "Party E," was considering making an offer for the company.
• Investors are worried after ForgeRock said last month that it received request for more information from the Dept. of Justice in regards to its $23.25 a share planned sale to Thoma Bravo. There's concern that DOJ may try to block the deal due to potential concentration in the identity management sector.
• The Thoma Bravo deal for ForgeRock ( FORG ) followed the private equity firm agreeing to buy Ping Identity for $2.8 billion in August and SailPoint Technologies for $6.9 billion in April.

For further details see: