Thanks. Interesting! I hadn't dug into the filings yet to look at the financial situation.
I'm just going to post this here for future reference:
Prior to April 2007, our predecessor entity was a publicly traded company on the Nasdaq Global Market. In April 2007, we were acquired by Vector Stealth Holdings II, L.L.C., or Vector Stealth, a Delaware limited liability company and an affiliate of Vector Capital, a San Francisco-based private equity investment firm specializing in the technology sector. We were acquired through a tender offer consisting principally of $613.2 million paid to purchase all outstanding shares of the common stock of our predecessor entity, $23.4 million paid to the holders of stock options and $1.5 million in equity interests in Vector Stealth issued in lieu of cash for certain outstanding stock options. The transaction was funded by $225.0 million in cash from Vector Stealth as well as through our incurrence of $375.0 million in debt financing in addition to cash on hand. Upon completion of the tender offer, we became a wholly-owned subsidiary of Vector Stealth, and the acquired shares of our predecessor entity were cancelled. As a result of this going private transaction, we ceased to be a public reporting company in 2007.
As of December 31, 2010, SafeNet, Inc. employed approximately 1,600 people in 24 countries. |
