Vista Equity commences tender offer for all outstanding shares of Websense

Websense and Vista Equity Partners announced that Tomahawk Merger Sub has commenced the previously-announced tender offer for all of the outstanding shares of common stock of the company at a price of $24.75 per share, net to the seller in cash without interest. Tomahawk Merger Sub and its parent company, Tomahawk Acquisitions are affiliated with Vista Equity Partners. On May 20, the company and Vista Equity Partners announced that the company and affiliates of Vista Equity Partners had entered into a definitive merger agreement pursuant to which the tender offer would be made. Pursuant to the merger agreement, after completion of the tender offer and the satisfaction or waiver of certain conditions, the company will merge with Tomahawk Merger Sub and all outstanding shares of the Company's common stock will be automatically cancelled and converted into the right to receive cash equal to the $24.75 offer price per share. In certain cases, the parties have agreed to proceed with a one-step merger transaction if the tender offer is not completed. After careful consideration, the board of directors of the company has determined that the merger agreement and the transactions contemplated thereby, including the offer and the merger, are advisable and in the best interests of the company and its stockholders.


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