Investor Seeks To Stop Sourcefire's $2.7B Sale To Cisco

Law360, Los Angeles (August 12, 2013, 4:49 PM EDT) -- Sourcefire Inc. has been hit by a shareholder class action brought by an investor seeking to halt the $2.7 billion acquisition of the company by Cisco Systems Inc., citing inadequate consideration and a flawed sales process, according to a suit removed to federal court Monday.

The suit comes less than three weeks after Cisco said it would buy cybersecurity provider Sourcefire Inc. for $2.7 billion, an addition that would boost the California company's efforts to build up its security offerings amid increasingly complex threats. With Sourcefire,...
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Case Information

Case Title

Josenhans v. Sourcefire, Inc. et al


Case Number

1:13-cv-02332

Court

Maryland

Nature of Suit

Stockholders Suits

Judge

J. Frederick Motz

Date Filed

August 12, 2013

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UK Financial Services

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