Proofpoint Agrees to Buy Varonis Systems for About $6.3 Billion
Varonis shares rose 2.8% to $48.65 after hours Thursday following the deal announcement, after gaining about 0.6% in regular trading.
Shares of Varonis Systems rose after the cybersecurity company agreed to be acquired by Proofpoint in a deal valued at about 6.3 billion. Varonis gained 2.8%, reaching $48.65 in after-hours trading Thursday, following an increase of about 0.6% during the regular session. The stock is up 44% this year. The source section ends mid-sentence, so no further details are available.