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Bull & Lifshitz, LLP announces an investigation into possible breaches of fiduciary duty in connection with the proposed sale of Blue Coast Systems, Inc. (Nasdaq: BCSI) (referred to as "Blue Coat" or the “Company”) to an investor group led by private equity investment firm Thoma Bravo, LLC in a transaction valued at approximately $1.3 billion.
Under the terms of the merger agreement,
Blue Coat shareholders will receive $25.81 in cash for each share of Blue Coat common stock they hold.
The transaction is subject to customary closing conditions, including requisite regulatory approvals and approval of Blue Coat shareholders.