NEW YORK (
Blue Coat Systems
, the Web security company, said Friday it agreed to sell itself to an investor group led by private-equity firm Thoma Bravo for about $1.3 billion in cash.
Under the deal, Blue Coat shares are valued at $25.81 a share, a premium of about 48% to the stock's closing price Thursday.
-- Written by Joseph Woelfel
>To contact the writer of this article, click here:
>To submit a news tip, send an email to: