Infoblox and Vista Equity Partners Announce Waiver of Financing Proceeds Condition

  • Infrastructure
  • 28.10.2016 11:00 am

Infoblox and Vista Equity Partners announced that Vista’s affiliates, Delta Holdco, LLC (“Parent”) and India Merger Sub, Inc. (“Purchaser”), have waived the “Financing Proceeds Condition” and the condition to the Offer relating to the marketing period for the Debt Financing, as described in the Offer to Purchase in connection with Vista’s previously-announced tender offer to acquire all of the outstanding shares of common stock of Infoblox at a price of $26.50 per share in cash. The tender offer is scheduled to expire at 12:00 midnight, New York City time, at the end of November 4, 2016, unless further extended or earlier terminated in accordance with the terms of the merger agreement. All other terms and conditions of the tender offer remain unchanged. The Board of Directors of Infoblox has unanimously approved the proposed acquisition by Vista and recommends that Infoblox stockholders tender their shares in the tender offer.

The tender offer is being made in connection with the Agreement and Plan of Merger, dated as of September 16, 2016 (the “Merger Agreement”), by and among the Company, Parent and Purchaser. Pursuant to the Merger Agreement, following the consummation of the Offer and the satisfaction or waiver of all conditions, the Company will merge with Purchaser and all outstanding shares of the Company’s common stock, other than shares held by Parent, Purchaser or the Company, or shares held by the Company’s stockholders who are entitled to and properly demand and perfect appraisal of such shares pursuant to the applicable provisions of Delaware law, will be automatically cancelled and converted into the right to receive cash equal to the $26.50 offer price per share.

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