Private equity investment firm Thoma Bravo has entered an agreement to acquire security company Barracuda Networks for $1.6 billion in cash. Barracuda shareholders will receive $27.55 for each share of common stock they hold, which exceeds the average stock price of $22.49 for the ten days leading up to November 27 by more than 22 percent. The post Thoma Bravo Acquires Barracuda Networks for $1.6 Billion appeared first on SecurityWeek.
Private equity investment firm Thoma Bravo has entered an agreement to acquire security company Barracuda Networks for $1.6 billion in cash.
Barracuda shareholders will receive $27.55 for each share of common stock they hold, which exceeds the average stock price of $22.49 for the ten days leading up to November 27 by more than 22 percent.
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