Bain Capital LLC will acquire Blue Coat Systems Inc from fellow private equity firm Thoma Bravo LLC in a deal that the network security company said on Tuesday would value it at about $2.4 billion, including debt.The deal comes amid strong demand for cybersecurity technology following a spate of high-profile breaches that have crippled businesses and rattled conglomerates such as Sony Corp and Target Corp."This is a land-grab market opportunity, and private equity as well as larger tech players, have a strong appetite for vendors that play in this $15 to $20 billion market opportunity," said FBR Capital Markets analyst Daniel Ives.Reuters first reported on the deal earlier on Tuesday.
Target Corporation (Target) is engaged in providing everyday essentials and fashionable, and differentiated merchandise at discounted prices. Shares of TGT fell by 1.41% or $-1.11/share to $77.46. In the past year, the shares have traded as low as $55.25 and as high as $79.00. On average, 5071350 shares of TGT exchange hands on a given day and today's volume is recorded at 884557.
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