VMware (NYSE: VMW) has satisfied one of the closing conditions of its subsidiary Calistoga Merger Corp.'s cash tender offer to purchase all the outstanding shares of common stock of Carbon Black (Nasdaq: CBLK) for $26 per share.
Federal regulatory officials terminated the waiting period for the pending $2.1B acquisition, as mandated by the Hart-Scott-Rodino Antitrust Improvements Act of 1976, VMware said Monday.
Completion of the transaction is still subject to regulatory approvals in Austria and Germany as well as other customary conditions.
The tender offer is scheduled to expire at 12 a.m. midnight Eastern time on Oct. 3. if it is not extended.
Waltham, Mass.-based Carbon Black offers cybersecurity products and services designed to help customers protect endpoints against sophisticated threats.