Deal Snapshot
TRAFFIC VISIBILITY SOLUTIONS PROVIDER GIGAMON AGREES TO USD 1.6BN ELLIOTT MANAGEMENT BUYOUT
Friday 27 October 2017

US-based traffic visibility solutions provider Gigamon Inc. (NYSE: GIMO) and US-based private investment firm Elliott Management have entered into a definitive agreement under which Elliott will acquire Gigamon for USD 38.50 per share in cash, for a total value of approximately USD 1.6bn, Gigamon said.
Upon completion of the transaction, Gigamon will become a privately held company. Elliott's investment is being led by its private equity affiliate, Evergreen Coast Capital. Under the terms of the agreement, Gigamon shareholders will receive USD 38.50 in cash for each share of Gigamon common stock held.


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Details
Date Published: 27/10/2017
Target: Gigamon Inc
Country: USA
Deal Size: 1.6bn (USD)
Sector: Road Transport/Freight Transport
Type: LBO
Financing: Cash
Status: Agreed
Vendor:
Buyer: Elliott Management
Buyer Advisor: Jefferies LLC , Gibson, Dunn and Crutcher , Bank of America Merrill Lynch , Macquarie Capital
Comment:


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