Varonis Systems Jumps on Report of Proofpoint Acquisition Talks

Dow Jones

09/03

Shares of Varonis Systems gained after The Wall Street Journal reported that Thoma Bravo-owned Proofpoint is in talks to buy the cybersecurity firm, citing people familiar with the matter.

The stock climbed 10%, to $46.57, after the Journal's report late Wednesday afternoon and is up 43% this year.

A deal isn't guaranteed to come together as another buyer could emerge or talks could fail, the Journal reported.

Varonis had a market value of about $5 billion when the Journal published its report.

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