RGM Capital M&A Event: Mimecast Ltd. (MIME)
This morning it was announced that RGM Capital portfolio company Mimecast Ltd. (MIME) is being acquired by Permira for $80.00 per share in cash, an approximate 6% premium to yesterday’s close and a 16% premium to the unaffected stock price on Oct. 27th, the last trading day prior to a Wall Street Journal article disclosing details of the company’s strategic review process. MIME represents 3.2% of our capital base.
Mimecast is a cybersecurity