Packeteer to be acquired by Blue Coat Systems for $268 M
Shares of Packeteer, Inc. (Nasdaq:PKTR) are on the uptick in pre-market trading after the provider of WAN optimization and WAN traffic prioritization technologies reported this morning that it will be acquired by WAN application delivery and secure web gateway provider Blue Coat Systems, Inc. (Nasdaq:BCSI) for $7.10 per share in cash, or approximately $268 million.
Shares gained 13%, or $0.81, to $6.99 in pre-market trading. For detailed price information and recent news stories about Horizon Lines, click PKTR.
About the Author
Reporter Jennifer Schonberger is based in SmallCapInvestor.com's Washington, D.C. bureau.
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Jan 12 09:00pm
I had 100 shares of packeteer, do I have 100 shares of Blue coat now
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