http://dealbook.nytimes.com/2013/07/23/cisco-to-buy-sourcefire-a-cybersecurity-company-for-2-7-billion/
BY MICHAEL J. DE LA MERCED
Dealbook
The New York Times
July 23, 2013
Cisco Systems agreed on Tuesday to buy Sourcefire, a provider of
cybersecurity services, for about $2.7 billion in cash, in a reflection of
the growing fervor for companies that can help guard against
computer-based attacks.
Under the terms of the deal, Cisco will pay $76 a share in cash, nearly 30
percent higher than Sourcefire’s closing price on Monday. The offer
includes retention-based incentives for Sourcefire’s executives.
The deal is Cisco’s biggest since its $5 billion acquisition of NDS Group
Ltd. last year.
Sourcefire, founded in 2001, has grown into a major cybersecurity provider
-- one that has rejected numerous takeover bids through the years. Last
year, the company reported $5 million in profit on revenue $223.1 million.
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