- Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google agreed to acquire Mandiant, Inc. (NASDAQ:MNDT) for $23 per share in an all-cash transaction valued at ~$5.4 billion.
- Mandiant's more than 600 consultants currently respond to thousands of security breaches each year.
- The offer price represents a 57% premium to the 10-day trailing volume-weighted average price as of February 7, the last trading day before market speculation regarding a potential sale of the company.
- Related Content: Mandiant Shares Rip Higher After Reports Of Google's Interest: What Investors Need To Know
- Mandiant will join Google Cloud. Thomas Kurian, the CEO of Google Cloud, said, "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."
- Price Action: MNDT shares traded lower by 3.42% at $21.72 in the premarket on the last check Tuesday.
