PFPT - Proofpoint shareholders approve $12.3B Thoma Bravo merger

Sundry Photography/iStock Editorial via Getty Images Proofpoint (PFPT) stockholders have voted to approve the $12.3B acquisition offer from private equity firm Thoma Bravo. Under the terms of the merger announced in April, Proofpoint shareholders will receive $176 in cash for each share of common stock.  The transaction remains on track to close in the third quarter, subject to customary closing conditions. Once the deal closes, Proofpoint will no longer be traded on any public market. After the Proofpoint deal was first announced, Wedbush analyst Daniel Ives predicted the merger would kick off a "massive" software M&A spree.

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Proofpoint shareholders approve $12.3B Thoma Bravo merger