Wilson Sonsini Guides Barracuda’s $1.6B Sale To PE Firm

Law360, New York (November 27, 2017, 5:28 PM EST) -- Barracuda Networks Inc. said Monday it will go private after an all-cash sale to private equity firm Thoma Bravo LLC valued at $1.6 billion, with Wilson Sonsini Goodrich & Rosati PC representing the cloud security and data protection company.

Barracuda said Thoma Bravo will pay investors $27.55 per share, representing a 22.5 percent bump to the company’s 10-day average share price prior to Monday, and a rate that exceeds its 52-week high-water mark. The deal will see the private equity firm take over a company that...
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