j2 Global (JCOM) extended its tender offer of $15.00 for shares of Carbonite (CARB) to March 30, 2015.  More importantly, j2 stated that they have been in discussion with Carbonite over the terms of a proposed confidentiality agreement to permit j2 to participate in Carbonite’s previously announced potential sale process.

CARB Initially Rejected Tender Offer

As we stated in our 1/12/2015 research note , when CARB rejected JCOM’s initial tender offer, the board stated it was approached by multiple parties and was willing to explore all potential strategic alternatives, including a potential sale of the company (to j2 or otherwise) in order maximize shareholder value.


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