Within hours of the news being released last night (UK time), however, a US law firm – Ryan & Maniskas – revealed it is investigating potential claims against the board of directors of Sonicwall for "alleged breaches of fiduciary duty and other violations of law in relation to the acquisition".
Sonicwall has not commented on the legal investigation, but has revealed that the acquisition will give its shareholders $11.50 in case in return for each Sonicwall share - a premium of around 28% on the firm's most recent stocck closing price.
Newswire reports suggest that this represents a premium of more than 60% over the firm's enterprise value.
Commending on the acquisition deal, Matthew Medeiros, Sonicwall's president said: "Our agreement with Thoma Bravo represents an attractive valuation for our shareholders, and we look forward to closing the transaction as quickly as possible."
The partnership, he says, will strengthen Sonicwall's focus on delivering the most advanced and highest quality solutions to customers.
Plans call for the deal to close in the quarter ending September 30 this year or, optionally, early in the following quarter.