ZeroFox to be Acquired by Haveli
Market Screener –
Cybersecurity company ZeroFox to be acquired by private equity firm Haveli Investments for $350M
All-cash deal at $1\)14 per share, a 45% premium to recent stock price
Will become a privately held company after closing in first half of 2024
Details
ZeroFox board unanimously approved after evaluation of alternatives
No financing condition; funded by Haveli
Still requires shareholder approval and regulatory sign-off
Parties
ZeroFox provides external threat protection, seen as leader
Haveli makes control/minority investments focused on software
See ZeroFox as well-positioned in expanding category
Rationale
Haveli sees growth potential as threats increase
ZeroFox gets resources/experience to propel next phase
Stockholders get significant premium
Next Steps
Close expected in H1 2024 if conditions met
ZeroFox shares will no longer trade publicly afterwards
Link: https://www.marketscreener.com/quote/stock/ZEROFOX-HOLDINGS-INC-142058928/news/ZeroFox-to-be-Acquired-by-Haveli-45893353