Friday, June 5, 2015

Procera Networks' Acquisition Completed Successfully

Procera Networks is now a private company. The tender that was announced in April (here) has been completed. Do I am left with the other two players as far as revenues and other public reports are concerned. 

Francisco Partners Management announced the ".. results of its tender offer to purchase all of the outstanding shares of common stock of Procera Networks // for $11.50 per share .. as of the expiration of the tender offer at 12:00 a.m. New York City time at the end of the day on Thursday, June 4, 2015, a total of 16,529,499 shares of Procera common stock had been validly tendered and not validly withdrawn, representing approximately 79% of Procera’s outstanding shares .. the condition to the tender offer that a majority of Procera’s outstanding shares be validly tendered has now been satisfied and Francisco Partners intends to complete its acquisition of Procera later today"

See "Francisco Partners Announces Results of Tender Offer" - here.

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