Mimecast spurns Proofpoint's higher take-private bid over antitrust concerns

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Mimecast spurns Proofpoint's higher take-private bid over antitrust concerns

Two competitors control 50 percent of email security market.

Mimecast, the email security provider that announced a deal to go private last month, has rejected a higher offer from Thoma Bravo-backed Proofpoint due to antitrust risks, according to regulatory filings and sources familiar with the situation. Proofpoint offered US$92.50 (A$127.12) cash per ...

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