Varonis rises after Proofpoint agrees to $6.3 bln takeover

By Reuters News

** Shares of Varonis Systems VRNS.O rise 2.4% to $48.50 premarket

** Private equity Thoma Bravo-owned Proofpoint said to buy the data security firm in $6.3 bln all-cash deal

** Offer values VRNS at $49.75/share — 52% premium over close on June 22, the day before speculation about possible sale emerged

** Deal expected to close in H127

** Nine of 22 brokerages rate stock "buy" or higher, 13 "hold"; median PT: $50

** As of last close, stock up 44.3% YTD

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