The two companies have signed a definitive agreement, and the transaction is expected to close in the first quarter of 2006. The boards of both companies, and the shareholders of privately held Sourcefire, have already approved the deal, which includes the assumption of Sourcefire’s stock option plan.
Friday, October 07, 2005
RED HERRING | Check Point Buys Sourcefire
Security system developer Check Point Software Technologies acquired Sourcefire, a provider of intrusion prevention and network awareness systems, for $225 million cash on Thursday.
The two companies have signed a definitive agreement, and the transaction is expected to close in the first quarter of 2006. The boards of both companies, and the shareholders of privately held Sourcefire, have already approved the deal, which includes the assumption of Sourcefire’s stock option plan.
The two companies have signed a definitive agreement, and the transaction is expected to close in the first quarter of 2006. The boards of both companies, and the shareholders of privately held Sourcefire, have already approved the deal, which includes the assumption of Sourcefire’s stock option plan.
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