- Barracuda Networks stock price today and history
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Barracuda Networks stock price
Barracuda Networks latest news:
LPC: Banks provide US$835m loan package for Barracuda Networks' take-private
US publicly traded cloud-based security company Barracuda Networks Incs acquisition by private equity firm Thoma Bravo will be backed by an US$835m loan package, according to two sources familiar with the matter. The all-cash buyout, which will capitalize Barracuda at roughly US$1.5bn, was announced on Monday.
Barracuda shares jump 16% premarket after company agrees to be taken private by Thoma Bravo
Shares of Barracuda Networks Inc. surged 16% in premarket trade Monday, after the company said it has agreed to be acquired by private-equity firm Thoma Bravo in an all-cash deal valued at $1.6 billion. Thoma Bravo will pay $27.55 per Barracuda share, equal to a premium of 22.5% over the company's 10-day average stock price before Nov. 28. The deal is expected to close before the end of the company's fiscal year end of Feb. 28, 2018. Barracuda will operate a privately held company with a focus on email security, network and application security and data protection. Shares have gained 11% in 2017 through Friday, while the S&P 500 has gained 16%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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