Deals
Cisco Agrees to Buy Sourcefire in $2.7 Billion Deal
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Cisco Systems Inc., the biggest maker of networking equipment, agreed to acquire Sourcefire Inc. for about $2.7 billion, adding anti-hacking technology used extensively by the U.S. government.
Cisco will pay $76 a share in cash, the San Jose, California-based company said today, a 29 percent premium over Sourcefire’s closing price yesterday. Cisco said the deal value includes outstanding equity awards and retention incentives.