Tenable To Acquire Ermetic For ~$240M In Cash And $25M In Restricted Stock And RSUs
Portfolio Pulse from Benzinga Newsdesk
Tenable, a cybersecurity company, has announced its plans to acquire Ermetic, a cloud security company, for approximately $240 million in cash and $25 million in restricted stock and RSUs.
September 07, 2023 | 11:06 am
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NEUTRAL IMPACT
Tenable's acquisition of Ermetic could potentially strengthen its position in the cybersecurity market, but it may also impact its cash reserves and stock value in the short term.
The acquisition could potentially enhance Tenable's product offerings and market position. However, the financial impact of the deal, involving significant cash and stock, could affect Tenable's short-term financial stability and stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100