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Cisco Systems Inc Announces Agreement to Acquire Sourcefire Inc

Tuesday, 23 Jul 2013 08:00am EDT 

Cisco Systems Inc and Sourcefire Inc announced a definitive agreement for Cisco to acquire Sourcefire. Cisco and Sourcefire will combine their products, technologies and research teams to provide continuous and pervasive advanced threat protection across the entire attack continuum before, during and after an attack and from any device to any cloud. Under the terms of the agreement, Cisco will pay $76 per share in cash in exchange for each share of Sourcefire and assume outstanding equity awards for an aggregate purchase price of approximately $2.7 billion, including retention-based incentives. The acquisition has been approved by the board of directors of each company. The acquisition is expected to close during the second half of calendar year 2013. 

Company Quote

-0.375 -1.37%
6 Jul 2015