Private equity giant Thoma Bravo has agreed today to buy Barracuda Networks in a take-private deal that’s valued at $1.6 billion. The company was offered $27.55 per share, about 16% above Friday’s close.
Though above Barracuda’s 52-week high, the price is down from the over $40 per share where the stock was trading in 2015. Barracuda went public in 2013.
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Source: Tech Crunch