UPDATE: Stifel Nicolaus Terminates Coverage on Websense Following Acquisition by Vista Equity Partners

In a report published Thursday, Stifel Nicolaus analyst Todd Weller terminated coverage on Websense WBSN.

In the report, Stifel Nicolaus noted, “We are discontinuing coverage of Websense, Inc. following the announcement of the completion of its acquisition by Vista Equity Partners. Our final rating on the shares was Hold, reflecting our view that the takeout offer from Vista was fair and there was a low probability of a competing bid.”

Websense closed on Wednesday at $24.72.