Cybersecurity software maker Forescout Technologies Inc. today said that its board has approved a deal to be acquired for $1.9 billion by Advent International and Crosspoint Capital Partners.

The two private equity firms’ offer amounts to $33 per Forescout share. It’s a respectable premium over the stock’s Wednesday closing price of $27.98, but that figure doesn’t tell the whole story behind the acquisition. Getting the full picture requires going back a few months earlier, to Oct. 10.

That’s the day Forescout told shareholders it was expecting third-quarter revenues of $90.6 million to $91.6 million, well below the $98.8 million to $101.8 million originally anticipated. The company’s stock subsequently tanked from $39.20 per share the day before to $24.57. Yet another twist came a week later when Forescout disclosed that it had been approached by a pair of investment firms, Corvex Management and Jericho Capital Asset Management, about an acquisition.

Advent’s and Crosspoint’s $1.9 billion bid was evidently more attractive, but Forescout is still leaving the door open to a potentially even bigger offer. Its agreement with the private equity firms provides for a 30-day “go shop” period in which Forescout can solicit alternative proposals from third parties…

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