VMware Inc. completed its acquisition of security solutions provider Carbon Black Inc. for an enterprise value of $2.1 billion.
Carbon Black shareholders received $26 per share in cash, without interest and less any applicable withholding taxes. Approximately 64.1 million Carbon Black shares, or 85.1% of the company's outstanding shares, were validly tendered between Sept. 6 and Oct. 7. Remaining Carbon Black shares not bought in the tender offer were converted into rights to receive $26 in cash apiece.
Following the conclusion of the tender offer, Carbon Black shares ceased trading on the Nasdaq stock market, effective Oct. 8.
VMware named Carbon Black CEO Patrick Morley as general manager of the newly launched security business unit, which will report to Sanjay Poonen, VMware COO for customers operations.
VMware said the acquisition, which it funded through cash on its balance sheet and loans, is expected to boost its cybersecurity protection portfolio.
