- Palo Alto Networks (PANW) plans to sell $500M of convertible senior notes due 2019. Initial purchasers are expected to have a $75M overallotment option.
- The next-gen firewall vendor had $572M in cash/investments as of April 30, and no debt.
- Given the recent pace of M&A activity in the security hardware/software space, Palo Alto might be raising funds for an acquisition or two. The company spent $200M on Israeli cybersecurity startup Cyvera in March.
- PANW -0.8% AH.
From other sites
at Zacks.com (Mar 3, 2015)
at CNBC.com (Mar 2, 2015)
at Investor's Business Daily (Feb 28, 2015)
at Benzinga.com (Feb 23, 2015)
at Nasdaq.com (Feb 23, 2015)
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