TAKE A LOOK AT WHICH REPORT YOUR PORTFOLIO'S BEEN MISSING...

Shareholders Foundation offers real-time reporting of class action exposure on a per transaction basis,
including the documents you will need for claim filing and settlement recovery.
Start Monitoring Your Investments

Sourcefire, Inc. (NASDAQ:FIRE) Investor Files Lawsuit Over Alleged Breaches Of Fiduciary Duties In Takeover By Cisco

  • If you purchased shares of Sourcefire, Inc. (NASDAQ:FIRE) prior to July 23, 2013 , and currently hold any of those NASDAQ:FIRE shares, you have certain options and you should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Lawsuit Overview

Company
Sourcefire
Security
NASDAQ: FIRE

Case Name
Sourcefire Deal Case 08/06/2013
Type of Lawsuit
Mergers and Acquisition
You must register or login to receive notifications.

Click here to subscribe to Sourcefire.
Summary

August 7, 2013 (Shareholders Foundation) - An investor, who currently holds shares of Sourcefire, Inc. (NASDAQ:FIRE), filed a lawsuit in effort to halt the proposed takeover of Sourcefire, Inc. by Cisco for $76.00 per NASDAQ:FIRE share.
The plaintiff alleges that the defendants breached their fiduciary duties owed to Sourcefire stockholders arising out of the attempt to sell Sourcefire too cheaply via an unfair process to Cisco

On July 23, 2013 - Cisco (NASDAQ: CSCO) and Sourcefire, Inc. (NASDAQ:FIRE) announced an agreement for Cisco to acquire Sourcefire. Under the terms of the agreement, Cisco will pay $76 per share in cash in exchange for each share of Sourcefire and assume outstanding equity awards for an aggregate purchase price of approximately $2.7 billion, including retention-based incentives.

However, the plaintiff alleges that the $76-offer is too low and undervalues the company. In addition, the plaintiff claims that the process is also unfair to NASDAQ:FIRE investors

Shares of Sourcefire, Inc. (NASDAQ:FIRE) closed on Juyl 23, 2013, at $75.49 per share.