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December 19, 2006

Check Point increases and extends Pointsec bid

Firewall vendor Check Point Software Technologies Ltd has had to up its offer for encryption and mobile security vendor Protect Data AB and its Pointsec subsidiary, and will now pay about $625m for the company after its original offer was rejected by shareholders.

By CBR Staff Writer

As well as increasing the previous bid of $586m, which was launched at a near 40% premium on the average 90-day closing price of Protect Data’s stock, Check Point said it would be extending the period for Protect Data shareholders to accept the offer to January 8, 2007.

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