Google Announces Definitive Agreement to Acquire Mandiant
Mar 8, 2022 By MarketDepth
Mandiant Inc. (NASDAQ: MNDT) has reported entry into a definitive agreement to be acquired by Google LLC for USD 23 per share in an all-cash transaction valued at USD 5.4 Billion. This offer represents a 57% premium to the 10-day trailing volume weighted average price as of February 7th, 2022. “Cyber security is a mission, and we believe it’s one of the most important of our generation. Google Cloud shares our mission-driven culture to bring security to every organization,” said Kevin Mandia, CEO, Mandiant. “Together, we will deliver our expertise and intelligence at scale via the Mandiant Advantage SaaS platform, as part of the Google Cloud security portfolio. These efforts will help organizations to effectively, efficiently and continuously manage and configure their complex mix of security products.”
“The Mandiant brand is synonymous with unmatched insights for organizations seeking to keep themselves secure in a constantly changing environment. This is an opportunity to deliver an end-to-end security operations suite and extend one of the best consulting organizations in the world. Together we can make a profound impact in securing the cloud, accelerating the adoption of cloud computing, and ultimately make the world safer.”Thomas Kurian, CEO, Google Cloud
This acquisition is subject to certain closing conditions, including receipt of Mandiant stockholder and regulatory approvals. The transaction is expected to close later this year.