Elliot has reached an agreement to acquire Gigamon for $1.6bn

Gigamon Inc., the industry leader in traffic visibility solutions, and Elliott Management, a leading multi-strategy private investment firm, announced that they have entered into a definitive agreement under which Elliott will acquire Gigamon for $38.50 per share in cash, for a total value of approximately $1.6 billion. Upon completion of the transaction, Gigamon will become a privately held company. Elliott's investment is being led by its private equity affiliate, Evergreen Coast Capital. "This transaction represents a unique opportunity to invest in the industry-leading visibility solution in a product category that is critical to enterprise security," Isaac Kim, Evergreen Managing Director.