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Advent Completes Forescout Purchase
The purchase by a private equity fund was announced in February and completed today.
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Forescout Technologies and Advent International announced today that Advent's tender offer for shares of Forescout, announced in February, has closed. The transaction, at $29.00 per share, gives Advent and its partner in the transaction - Crosspoint Capital Partners - ownership of Forescout while providing Forescout with financial support and expertise.
The transaction, which involved 40,108,573 tendered shares valued at more than $1.16 billion, means that Forescout will become a wholly owned subsidiary of Ferrari Merger Sub. Forescout stock will no longer be traded on NASDAQ.
Read more about the deal here.
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