Cybersecurity firm ArcSight Inc. has announced that the entire company is for sale. Talks of a possible buyout has sent the shares soaring more than 29% last Thursday. The Wall Street Journal has reported that the company may receive an offer of up to 40$ per share. This led shares to trade nearer to that point of interest on Friday for a close of US$39.66 per share. Potential buyers of this company include Oracle (NASDAQ: ORCL) and Hewlett-Packard (NYSE: HPQ). The whisper number for the takeout is priced at US$1.5 Billion. Other possible buyers could be EMC (NYSE: EMC), IBM (NYSE: IBM), and CA (NYSE: CA). Analysts expect that a deal could be made in the next couple of weeks.
ArcSight is a security solutions company based in Cupertino, California, USA.
