Infoblox shares soar over $1.6B buyout

Posted online September 19, 2016 | 11:39 am

Shares of network control company Infoblox Inc. rose 15 percent in premarket trading Monday after the company announced it agreed to a buyout.

Vista Equity Partners penned a deal to purchase the company for $1.6 billion.

The deal is expected to close during Infoblox's fiscal second quarter, which ends in January.

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