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Mimecast Goes Private in $5.8 Billion Deal. The Stock Rises.

·2 min read
Mimecast Goes Private in $5.8 Billion Deal. The Stock Rises.
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  • MIME

Shares of Mimecast jumped Tuesday after the cybersecurity company announced it was being acquired by private-equity firm Permira for $80 a share in cash or $5.8 billion. Mimecast (ticker: MIME) rose 5.8% to $79.34. London-based Mimecast was founded in 2003 and offers a suite of cloud services designed for cybersecurity.