Check Point ups offer for Protect Data

Check Point Software has increased its offer for rival security company Protect Data of Sweden, and claims over 40% of shareholders in the firm have now committed to sell their stake in the firm.

Check Point Software has increased its offer for rival security company Protect Data of Sweden, and claims over 40% of shareholders in the firm have now committed to sell their stake in the firm.

The deadline for accepting Check Point’s bid has also been extended to 8 January 2007.

The initial tender offer was announced on 20 November, through a wholly owned subsidiary of Check Point
Software in Sweden.

The larger offer now amounts to $625m (£329m), compared to the $586m previously offered.

The offer is subject to a minimum acceptance of more than 90% of all shares in Protect Data.

Comment on this article: computer.weekly@rbi.co.uk

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