Vista Equity Partners commences tender offer for Infoblox outstanding shares
Infoblox and Vista Equity Partners announced that Vista's affiliate, India Merger Sub, Inc., has commenced the previously-announced tender offer for all of the outstanding shares of common stock of the Company at a price of $26.50 per share, net to the seller in cash without interest. On September 19, 2016, Infoblox and Vista announced that the Company and affiliates of Vista had entered into a definitive merger agreement pursuant to which the tender offer would be made. Infoblox's Board of Directors unanimously approved the merger agreement and the transactions contemplated thereby, including the tender offer and the merger, and recommends that Infoblox's stockholders tender their shares in the tender offer. India Merger Sub, Inc. and its parent company, Delta Holdco, LLC, are affiliated with Vista. Pursuant to the merger agreement, after completion of the tender offer and the satisfaction or waiver of certain conditions, the Company will merge with India Merger Sub, Inc., with Infoblox continuing as the surviving corporation, under Section 251(h) of the Delaware General Corporation Law, without any action by any other stockholder of the Company. All outstanding shares of Infoblox's common stockwill be automatically cancelled and converted in the merger into the right to receive cash equal to the $26.50 offer price per share, without interest.