Thoma Bravo Buys Entrust

Bills, Steve
April 2009
Mergers & Acquisitions Report;4/20/2009, Vol. 22 Issue 16, p16
The article reports on the agreement of security software vendor Entrust Inc. to sell itself to the private equity firm Thoma Bravo LLC for 114 million dollars. Thoma Bravo will pay 1.85 dollars per share in cash, which was a premium of 22.4% over Entrust's average closing share price of 1.51 dollars during the 30 previous trading days. It was noted that Entrust develops products and services for digital identities while Thoma Bravo has about 2.5 billion dollars of equity capital under its management.


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