Fergie's Tech Blog

Websense to Acquire SurfControl for $400M

Via Websense.

Websense, Inc. today announced that its subsidiary, Websense SC Operations Limited, has made a pre-conditional cash offer to acquire all of the issued and to-be-issued ordinary shares, excluding treasury shares, of SurfControl PLC, a provider of on-demand and software-based Web and email security solutions.

Under the terms of the proposal, SurfControl shareholders will receive 700 pence in cash for each SurfControl share. The proposal values SurfControl’s existing issued share capital at approximately £201 million (approximately US$400 million).

posted by Fergie @ 4/26/2007 03:13:00 PM