Key Developments: Websense Inc (WBSN.O)
24.91USD
23 May 2013
$-0.03 (-0.12%)
$24.94
$24.80
$25.01
$24.75
969,276
506,764
$25.03
$12.70
Latest Key Developments (Source: Significant Developments)
Rigrodsky & Long, P.A. Announces Investigation Of Websense Inc
Rigrodsky & Long, P.A. announced that it is investigating potential legal claims against the board of directors of Websense, Inc. (Websense or the Company) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Vista Equity Partners (Vista) in a transaction valued at approximately $1 billion. Under the terms of the agreement, public shareholders of Websense will receive $24.75 per share in cash for each share of Websense they own. The investigation concerns whether Websense’s board of directors failed to adequately shop the Company and obtain the best possible value for Websense’s shareholders before entering into an agreement with Vista. Full Article
Lifshitz Law Firm Announces Investigation Of Websense Inc
Lifshitz Law Firm announced an investigation into possible breaches of fiduciary duty in connection with the proposed sale of Websense Inc (WBSN) to Vista Equity Partners for consideration of $24.75 in cash for each share of Websense common stock held by shareholders. Lifshitz Law Firm's investigation is focused on whether the proposed transaction provides adequate value to the Company's shareholders. Full Article
Levi & Korsinsky, LLP Announces Investigation Into Possible Breaches Of Fiduciary Duty By Board Of Websense Inc
Levi & Korsinsky announced that it is investigating the Board of Directors of Websense Inc for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Vista Equity Partners. The investigation concerns whether the Websense Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the transaction, whether Vista Equity Partners is underpaying for Websense stock, thus unlawfully harming Websense shareholders. Full Article
Law Offices of Howard G. Smith Announces Investigation of Websense Inc
Law Offices of Howard G. Smith announced that it is investigating potential claims against the Board of Directors of Websense Inc. related to the proposed acquisition of the Company by Vista Equity Partners. The transaction is valued at approximately $1 billion, or $24.75 per share. This investigation concerns whether the Board of Directors of Websense breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the proposed transaction, and whether the Company has disclosed all material information to shareholders about the transaction. The Company has seen substantial recent growth. Its share price has skyrocketed from $12.83 on November 7, 2012 to $18.98 on May 15, 2013. Full Article
Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf Of Websense Inc Shareholders
Kirby McInerney LLP announced that it is investigating potential claims against the Board of Directors of Websense Inc related to the proposed acquisition of the Company by Vista Equity Partners (Vista). Under the terms of the transaction, Vista will purchase all of the outstanding common stock of Websense for $24.75 per share in cash, for a total transaction value of approximately $1 billion. The investigation concerns whether the Websense Board of Directors violated its fiduciary duties by agreeing to this transaction and whether the proposed $24.75 per share consideration adequately values Websense common shares. Full Article
The Proposed Buyout of Websense Inc By Vista Equity Partners Under Investigation By The Young Law Firm
The Young Law Firm, a leading national shareholder litigation firm is investigating potential claims concerning the proposed buyout of Websense Inc by Vista Equity Partners. The investigation concerns whether Websense`s Board of Directors has obtained fair value for the sale of the Company and whether the Board has fulfilled its fiduciary duties to Websense`s shareholders in connection with the proposed sale. Full Article
Ryan & Maniskas, LLP Announces Investigation Of Websense Inc
Ryan & Maniskas, LLP announced that it is investigating potential claims against the board of directors of Websense Inc concerning possible breaches of fiduciary duty and other violations of law related to the Company's efforts to sell the Company to Vista Equity Partners in a transaction valued at approximately $1 billion. Investigation concerns possible breaches of fiduciary duty and other violations of law related to the approval of the transaction by the Company's board of directors; in particular, whether the Company undertook a fair process to obtain fair consideration for all shareholders of Websense. Full Article
Levi & Korsinsky, LLP Announces Investigation Into Possible Breaches Of Fiduciary Duty By Board Of Websense Inc In Connection With Sale Of Company To Vista Equity Partners
Levi & Korsinsky, LLP announced that it is investigating the Board of Directors of Websense, Inc. (Websense or the Company) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Vista Equity Partners. Under the terms of the transaction, Websense shareholders will receive $24.75 for each share of Websense stock they own. The transaction has a total approximate value of $1 billion. The investigation concerns whether the Websense Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the transaction, whether Vista Equity Partners is underpaying for Websense stock, thus unlawfully harming Websense shareholders. Full Article
Harwood Feffer LLP Announces Investigation Of Websense Inc
Harwood Feffer LLP announced that it is investigating potential claims against the board of directors of Websense Inc concerning the proposed acquisition of the Company by Vista Equity Partners (Vista). On May 20, 2013, Websense announced that it had entered into a definitive agreement pursuant to which the Company will be acquired by Vista. Under the terms of the agreement, Websense stockholders will receive $24.75 in cash for each share of Websense owned. The investigation concerns whether the Websense board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company shareholders. Full Article
Robbins Arroyo LLP Announces Investigation Of Acquisition Of Websense Inc
Shareholder rights attorneys at Robbins Arroyo LLP announced that it is investigating the acquisition of Websense Inc by the private equity firm Vista Equity Partners. On May 20, 2013, Websense announced the signing of a definitive merger agreement under which Vista Equity Partners will acquire Websense for $24.75 per share of common stock in cash. The Board of Directors' Actions May Prevent Websense Shareholders from Receiving Maximum Value for Their Stock Robbins Arroyo LLP's investigation focuses on whether the board of directors at Websense is undertaking a fair process to obtain maximum value and adequately compensate its shareholders in the merger. On April 25, 2013, Websense released its first quarter 2013 financial results reflecting record billings and the continued strength of the company's TRITON solutions. Specifically, Websense reported record first quarter billings of $81.8 million, and TRITON solutions billings of $54.7 million, an increase of 11.6% compared to the first quarter of 2012. Further, Websense exceeded analyst earnings per share and net income expectations for the quarter, and in seven of the previous nine quarters while exceeding analyst sales expectations in the past three consecutive quarters and in six of the previous nine quarters. Moreover, the company reported a 19% increase in the number of transactions over $100,000. Full Article
Websense to go private after years of slow growth
- Websense Inc said it had agreed to be taken private by Vista Equity Partners in a deal that values the online security firm at about $907 million, a move that should come as a relief to investors after years of weak sales from its legacy business.
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