Entrust shareholders say yes to acquisition by Thoma Bravo affiliate

By Lisa Kerner

Charlotte, N.C., July 28 - Entrust, Inc. was acquired by an affiliate of Thoma Bravo, LLC after Entrust shareholders approved the transaction at a special meeting on Tuesday.

As a result, Entrust stock ceased to trade on the Nasdaq at market close.

Entrust said its shareholders will receive $2.00 per Entrust share in cash.

"We believe that the transaction with Thoma Bravo provides stockholders immediate, certain and premium value and is in the best interest of all Entrust stockholders," Entrust chairman Michael McGrath said in a news release.

Entrust's software and associated services let businesses and governments conduct transactions over wired and wireless networks, including the internet. The company is located in Addison, Texas.

Thoma Bravo is a private equity investment firm with offices in Chicago and San Francisco.

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