- Cybersecurity automation software provider agrees to be acquired by private equity firm Turn/River Capital. Shareholders will receive $13 per share in cash.
- 30-day "go-shop" period is unlikely to result in higher offers given the company's underwhelming growth, operating cash burn and lack of scale in a competitive market environment.
- Expect the transaction to be approved in the upcoming special shareholder meeting and close before the end of this quarter.
For further details see:
Tufin Software Gets Acquired By Private Equity Firm Turn/River Capital At $13 Per Share