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Varonis will become a private company after being bought for $6.3 billion.

DealRead the original at Benzinga
Good for VRNS

Varonis shareholders are set to receive $49.75 in cash per share, 52% above its June 22 closing price. Approvals are still required, but the agreed cash price favors shareholders.

VRNS · Varonis Systems Inc.

AI read · Good for VRNS

The AI's read

The set cash amount gives shareholders a clear payment per share instead of leaving its value tied to future trading. The board approved the deal unanimously, and the offer is 52% above the June 22 closing price. Shareholder and regulator approvals are still needed, so the deal may not close.

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