Sourcefire’s Brand New CEO From Citrix and Barracuda’s Acquisition Offer on the Table

SNORT creator Sourcefire, one of the few publicly owned open source companies, has rejected an unsolicited $7.50-a-share offer, a total of roughly $187.4 million cash, from privately held Barracuda Networks, claiming it undervalues the enterprise security company despite the 13% premium. Sourcefire, worth 18 bucks a share shortly after it went public last March, recently found a new CEO.

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