SailPoint Technologies Holdings, Inc. (SailPoint), the pioneer in enterprise identity security, announces that its stockholders voted to approve SailPoint’s pending acquisition by Thoma Bravo, a software investment firm, at SailPoint’s special meeting of stockholders, held earlier today.
The final voting results on the proposals voted on at the special meeting will be set forth in a Form 8-K filed by SailPoint with the U.S. Securities and Exchange Commission, after certification by SailPoint’s inspector of elections.
Foreign investment laws
As previously announced, under the terms of the merger agreement, SailPoint stockholders will receive $65.25 in cash per share of SailPoint common stock they own.
The transaction is currently expected to close in the second half of 2022, subject to customary closing conditions, including the receipt of approval or clearance under the foreign investment laws of Australia. Upon completion of the transaction, SailPoint’s shares will no longer trade on the NYSE, and SailPoint will become a private company.
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