Blue Coat Systems (NASDAQ: BCSI), the maker of proxy server appliances used for WAN optimization, is going to acquire Packeteer (NASDAQ: PKTR) for $268 million.
Earlier this year Packeteer was offered another deal - hedge fund Elliott Associates wanted to buy the company for about $200.6 million – but the company rejected the offer.
The acquisition will help Blue Coat fill firm in the WAN optimization market.
Merrill Lynch & Co. was an exclusive financial advisor to Blue Coat in connection with the deal.
On the second day of the St. Petersburg International Economic Forum, a plenary meeting was held, in which Russian President Vladimir Putin, French President Emmanuel Macron, Japanese Prime Minister Shinzo Abe, Chinese Vice President Wang Qishan and IMF head Christine Lagarde took part