|By Marketwired .||
|August 12, 2013 02:48 PM EDT||
OKLAHOMA CITY, OK -- (Marketwired) -- 08/12/13 -- On August 6, 2013, a lawsuit was filed in Maryland state court against Sourcefire, Inc. (NASDAQ: FIRE) ("Sourcefire"). The complaint alleges violations of state law and possible breaches of fiduciary duty by Sourcefire's officers and directors in connection with the proposed sale of Sourcefire to Cisco Systems, Inc. ("Cisco") by failing to adequately shop Sourcefire before agreeing to enter into this transaction, and whether Cisco is underpaying for Sourcefire shares.
On July 26, 2013, Sourcefire announced that its board of directors had agreed to sell Sourcefire to Cisco for $76 per share in cash in exchange for each share of Sourcefire, and that Cisco would assume outstanding equity awards for an aggregate purchase price of approximately $2.7 billion, including retention-based incentives.
If you wish to discuss this action, obtain further information and participate in this or any other securities litigation, or should you have any questions or concerns regarding this notice or preservation of your rights, please contact: