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.
In June, the Baltic States will hold BALTOPS and Saber Strike 2018 drills. A US Armored Brigade will be deployed in Europe for the purpose - no less than 4,000 soldiers
The import of liquefied natural gas from the United States will not grow, even if Germany exits the Nord Stream-2 project, German Minister of Economy and Energy Peter Altmeier said