Fireeye Soars After Deal With Blackstone

  • November 20, 2020 12:20 PM AEDT
  • Team Kalkine
    Team Kalkine
    Team Kalkine
    16991 Posts

    Team Kalkine comprises of experts who understand various markets nuances and are enthusiastic and passionate to provide best possible offerings in the form of insights and stories. The team has rich experience of working across different markets with...

The Cybersecurity giant FireEye shares surged up significantly after-hours trade when investment company Blackstone and another cybersecurity focused firm ClearSky together took a US$400 million stake.

FireEye plans to use the hefty amount to support strategic growth initiatives. A significant part of this amount is being used to fund the acquisition of Respond Software.

The declaration was made during the later hours on 19 November.

As per the terms of investment, both Backstone and ClearSky will be buying US$400 million in shares of a recently developed 4.5% Series A Convertible Preferred Stock of FireEye, with a purchase price of US$1000 per share. This Series A Preferred shall be convertible into shares of FireEye’s common stock at a conversion price of US$18 per share.

 


Disclaimer
The website https://kalkinemedia.com/au is a service of Kalkine Media Pty. Ltd. (Kalkine Media) A.C.N. 629 651 672. The principal purpose of the content on this website is to provide factual information only and does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. In providing you with the content on this website, we have not considered your objectives, financial situation or needs. You should make your own enquiries and obtain your own independent advice prior to making any financial decisions.
Some of the images that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed on this website unless stated otherwise. The images that may be used on this website are taken from various sources on the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image. The information provided on the website is in good faith, however Kalkine Media does not make any representation or warranty regarding the content, accuracy, or use of the content on the website.

 

   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK