Wednesday, July 29, 2009

Entrust Completes Merger, Goes Private

Dallas-based Entrust reported Tuesday afternoon that the firm has received approval from its stockholders on its deal with private equity firm Thoma Bravo, and completed its merger. The deal was worth $2.00 in cash per share of Entrust common stock, or approximately $124M. The acquisition takes Entrust private, and removes Entrust's common stock from the NASDAQ. Entrust originally announced the deal with Thoma Bravo in April, and adjusted the acquisition price upwards earlier this month. Entrust was advised by Barclays Capital in the deal, along with Wilson Sonsini Goodrich & Rosati.