TITLE

Open Source's Sourcefire Balks at Barracuda

AUTHOR(S)
Schachter, Ken
PUB. DATE
May 2008
SOURCE
Red Herring;5/30/2008, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the decision of Sourcefire to reject a takeover bid by Barracuda Networks valued at $187.4 million. Sourcefire's shares rose $1.01, or 15.2%, to $7.64. According to Sourcefire, Barracuda's offer undervalues the company and is not in the best interests of the company and its stockholders.
ACCESSION #
36835009

 

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