MobileIron, a cellular safety platform serving the work-from-home market, mentioned Monday it has agreed to be acquired by Ivanti Inc. in an all-cash deal valued at about $872 million. Beneath the phrases of the deal, MobileIron shareholders will obtain $7.05 in money per share, equal to a 27% premium over the closing worth on Friday. The deal is predicted to shut late within the fourth quarter. “By bringing MobileIron and Pulse Safe into the Ivanti portfolio, organizations will be capable of handle and safe customers, units, information, and entry to make sure that each gadget in a corporation is roofed, whereas delivering a contextual customized worker expertise,” the businesses mentioned in a press release. MobileIron shares jumped 6% premarket on the information and are up 37% within the yr up to now, whereas the S&P 500 has gained 2.1%. Market Pulse Tales are Fast-fire, brief information bursts on shares and markets as they transfer. Go to MarketWatch.com for extra data on this information.
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2020-09-28