Source Pravda.Ru

Barracuda Networks offer rejected by Sourcefire

Barracuda Networks’ buyout offer for Sourcefire Inc was rejected Friday by the company’s board highlighting undervalued assets and future perspectives.

Sourcefire Inc., a software company, supporting the development of the free software Snort and ClamAV projects, found a $187.4 million, or $7.50 per share, bid not in the best interests of Sourcefire and its stockholders.

In addition Barracuda said that its bid represented a 13 percent premium to Sourcefire's closing price on May 23.

Barracuda Networks, Inc. is a privately held company providing firewall products to block e-mail spam, viruses, spyware, load balancing and instant messaging software.

Comments
Russian Defense Minister speaks about war with Ukraine, US and fight for Crimea
Russian Defense Minister speaks about war with Ukraine, US and fight for Crimea
Russian Defense Minister speaks about war with Ukraine, US and fight for Crimea
Ukraine dreams of what it can do to Crimea after winning war with Russia
Default more likely to hit American, rather than Russian economy
The Sham called Democracy
The Sham called Democracy
Russian woman killed when hanging out naked of moving car in Dominican Republic
Pilot shares his impressions after flying Su-57 fifth-generation fighter
Russian government prepares to get rid of US dollar in economy
Putin in Austria: Europe doesn't like Russia very much, but it is fed up with USA too
US-Russian confrontation: War is peace, freedom is slavery
Details of Putin-Merkel surprise meeting unveiled
Russia's long-range Bastion system follows USS Carney in Black Sea waters
The insane idea in Germany: "pedophilia normal love"
US sanctions to kill Russian banks and sovereign debt?
Will Smith tells of his trip to Russia in a video
Why Russia continues investing in US public debt
USA and Turkey: The elephant kicks the barking pug aside
In Ukraine, human organs don't stink
US-Russian confrontation: War is peace, freedom is slavery