cisco sourcefire acquisition

Cisco Announces a Definitive Agreement to Acquire Sourcefire For $2.7 billion

Cisco today announced  a definitive agreement to acquire Sourcefire, a intelligent cybersecurity solutions provider. The acquisition has been approved by the board of directors of each company. 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. Cisco revealed via an official press release that it expects the acquisition to be slightly dilutive to non-GAAP earnings in fiscal year 2014 due to normal purchase accounting adjustments and integration costs. Once the transaction closes, Cisco will include Sourcefire into its guidance going forward and Sourcefire employees will join the Cisco Security ...

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