HPE Completes Tender Offer to Acquire Nimble Storage

Hewlett Packard Enterprise Development LP announced that its wholly-owned subsidiary has successfully completed its previously announced tender offer for all of the outstanding shares of common stock of Nimble Storage, Inc. at a price of $12.50 per share, net to the seller in cash, without interest and less any applicable withholding taxes.

The offer and all withdrawal rights thereunder expired at the end of the day, 12:00 midnight, New York City time, on April 13, 2017. 

Citibank N.A., the depositary for the offer, has advised HPE that, as of the expiration of the offer, an aggregate of 75,566,796 Nimble Storage shares were validly tendered and not validly withdrawn pursuant to the Offer, representing approximately 80.8% of the Nimble Storage shares then outstanding. 

HPE’s wholly-owned subsidiary accepted for payment all Nimble Storage shares that were validly tendered and not validly withdrawn pursuant to the offer, and payment for such shares will be promptly made by the depositary.

HPE expects to complete the acquisition of all remaining outstanding shares of Nimble Storage on Monday, April 17, 2017, when Nimble Storage merges with and becomes a wholly-owned subsidiary of HPE. 

Nimble Storage shares are expected to be delisted from the New York Stock Exchange prior to the open of trading on April 17, 2017.

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2017.03.08 | Press Release | [with our comments]