According to the Complaint, Carbon Black, Inc. provides endpoint security solutions that detect and prevent threats via a cloud-based platform.

This action stems from a proposed transaction announced on August 22, 2019, when Carbon Black and VMware announced that they had entered into a definitive merger agreement pursuant to which VMware will acquire all of the outstanding shares of common stock of Carbon Black for $26.00 per share. The deal is valued at approximately $2.1 billion and is expected to close by January 31, 2020.

On September 6, 2019, Defendants filed a Schedule 14D-9 Recommendation Statement with the United States Securities and Exchange Commission. The Complaint alleges that the Recommendation Statement is materially incomplete and contains misleading representations and information in violation of Sections 14(e) and 20(a) of the Exchange Act.

This case was voluntarily dismissed on January 8, 2020.