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 …
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Posted Friday 30th May 2008 16:58 GMT
$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
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