Thoma Bravo Acquires Barracuda Networks for $1.6 Billion

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.

read more