Blackstone will be joined by ClearSky, a cyber security-focused investment firm, as a co-investor in the transaction. Under the terms of its deal, Blackstone and ClearSky will purchase $400m in shares of a newly designated 4.5% Series A Convertible Preferred Stock of FireEye, with a purchase price of $1,000 per share. The Series A will be convertible into shares of FireEye's common stock at a conversion price of $18.00 per share. The investment is subject to customary closing conditions. In conjunction with Blackstone's investment in FireEye, FireEye will appoint Viral Patel, Senior Managing Director at Blackstone, to its Board of Directors upon the closing of the transaction.
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