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Infoblox (BLOX) Stock Skyrockets, Receives Takeover Offer From Thoma Bravo

NEW YORK (TheStreet) -- Infoblox (BLOX - Get Report) shares are soaring 18.81% to $18.19 on Thursday morning after the company received a buyout approach from technology-focused private equity firm Thoma Bravo, valuing the deal at around $886 million, Bloomberg reports.

It was last week when the network software and cyber-security company first received the proposal from Thoma Bravo.

Infoblox is looking to hire advisers to study a strategic option, including an auction process, according to Bloomberg, which published the article last night citing sources who did not wish to be identified.

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