Blue Coat to Be Bought for $1.3 Billion

Blue Coat Systems (BCSI), the Web security company, said Friday it agreed to sell itself to an investor group led by private-equity firm Thoma Bravo for about $1.3 billion in cash.

Under the deal, Blue Coat shares are valued at $25.81 a share, a premium of about 48% to the stock's closing price Thursday.-- Written by Joseph Woelfel>To submit a news tip, send an email to: tips@thestreet.com. >To order reprints of this article, click here: Reprints