Kirkland Guides Thoma Bravo In $1.3B Blue Coat Buy

Law360, New York (December 9, 2011, 12:55 PM EST) -- Web security solutions provider Blue Coat Systems Inc. has agreed to be acquired for about $1.3 billion by a group of investors led by San Francisco-based private equity firm Thoma Bravo LLC, the companies announced Friday.

Under the deal, Blue Coat shareholders would receive $25.81 in cash for each share of common stock they hold, a premium of about 48 percent over the company's closing price Thursday. The price tag also represents a 62 percent premium over the 60-day average for the period ended Thursday....
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