Nimble Storage, Inc. Equity FAQsNimble Storage Inc • March 10th, 2017 • Computer storage devices
Company FiledMarch 10th, 2017 IndustryHewlett Packard Enterprise Company (“HPE”) and Nimble Storage, Inc. (“Nimble”) have entered into an agreement and plan of merger dated March 6, 2017 (the “merger agreement”). Pursuant to the terms and conditions in the merger agreement, HPE will acquire Nimble through a two-step process, the first step of which is called a “tender offer”, which is an offer by HPE directly to Nimble’s stockholders to acquire all outstanding shares of Nimble common stock for $12.50 per share. If the tender offer is successfully completed, the second step of the process is the merger of a subsidiary of HPE with and into Nimble after which Nimble will be a wholly owned subsidiary of HPE. The second step merger will occur immediately following the completion of the tender offer and in this merger, all remaining Nimble shares will be acquired by HPE for the same $12.50 per share price.