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Barracuda Networks agrees to go private in $1.6 bln deal
November 27, 2017 / 2:13 PM / 18 days ago

Barracuda Networks agrees to go private in $1.6 bln deal

Nov 27 (Reuters) - Cloud computing and data security company Barracuda Networks Inc said on Monday it would be bought by private equity firm Thoma Bravo LLC in an all-cash deal worth $1.6 billion.

The offer of $27.55 per share represents a premium of 16.3 percent to Barracuda stock’s Friday close. (Reporting by Supantha Mukherjee in Bengaluru; Editing by Sriraj Kalluvila)

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