The Channel logo

back to article Sourcefire snorts at unsolicited takeover bid

Sourcefire has rejected an unsolicited takeover bid from Barracuda Networks. The firm, which develops a commercial version of Snort, the popular open source intrusion detection tool, said Barracuda's $187m bid "substantially undervalues" Sourcefire. In a terse statement on Friday, Sourcefire's board said it was better off as a …

COMMENTS

This topic is closed for new posts.
Guy
Alert

$7.50 a share?

And how would this be payed? probably partially or totally with Barracuda shares, which they say are worth a small fortune. But since it is a private company they don't have to justify the share price. Seen this one before, Barracuda the masters of smoke and mirrors

0
0
This topic is closed for new posts.

Forums

Opinion

Ship scrapyard photo via Shutterstock
Windows 10 Universal Apps
Windows 10 on Surface 3

Tim Anderson

It's do-or-die for Microsoft's new operating system on 29 July

Features

Steve Ballmer. Pic:  Aanjhan Ranganathan
Nokia is the biggest write-off yet, but it wasn't the first
Confused computer keyboard
Last Christmas, I gave you my Cloud, the very next day you gave it away
Time to pull out the magnifying glass to swot up on those Ts&Cs
Android icon desktop toys
Nice devices, now speak 'enterprise' to me