Google's $5.4B Mandiant Buy Challenged By Investor

Share on facebook
Share on twitter
Share on linkedin
Share on reddit

By Dave Simpson (May 6, 2022, 7:00 PM EDT) — A Mandiant investor challenged the cybersecurity firm’s $5.4 billion acquisition by Google in New York federal court Thursday, alleging that Mandiant’s statements about the deal don’t address potential conflicts of interest involving both company insiders and Goldman Sachs, and have misled investors about the sale process.

Eric Cornelius alleges that Mandiant Inc. and its board of directors violated the Securities Exchange Act of 1934 and urged the court to block the deal with Google LLC until the parties disclose key details about the acquisition.

The proxy statement, which was filed with the U.S. Securities and Exchange Commission last month, does not state…

Read more

Explore the site

More from the blog

Latest News