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.
For the time being, one needs to finish the construction of the section that is 100 kilometres long. On October 17, German Foreign Minister Heiko Maas said in an interview with RND that the project would be completed