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FireEye inks $989M deal for Mandiant

Jan 03, 2014 - The Deal Pipeline
Board and Executive Moves

Newly public FireEye Inc. said late Thursday it would acquire privately held Mandiant Corp. in a deal valued at $989.4 million, adding a malware detection expert to its network security portfolio.

Terms of the deal call for Milpitas, Calif.-based FireEye to issue 21.5 million shares - worth $884.3 million at Thursday's closing price - and pay $106.5 million in cash to Mandiant security holders. The buyer is also granting certain performance-based retention equity incentives as part of the...