Cases
Barracuda Networks, Inc. (CUDA)
Securities Class Action
Overview
Overview
- Date:
- 11/28/2017
- Company Name:
- Barracuda Networks Inc.
- Stock Symbol:
- CUDA
- Company Name - Buyer:
- Thoma Bravo, LLC
- Status:
- Closed/Complete
NEW YORK, November 28, 2017 – Bragar Eagel & Squire, P.C. is investigating potential claims on behalf of Time Inc. (NYSE: CUDA) stockholders concerning the proposed acquisition of the company by Thoma Bravo, LLC.
Our investigation concerns whether Barracuda’s board of directors failed to adequately shop the company and obtain the best possible value for its stockholders before entering into a definitive merger agreement with Thoma Bravo. Under the terms of the agreement, each outstanding share of Barracuda common stock will be exchanged for $27.55 in cash. Barracuda’s officers and directors have entered into agreements to vote their shares in favor of the transaction.
If you own Time shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
Our investigation concerns whether Barracuda’s board of directors failed to adequately shop the company and obtain the best possible value for its stockholders before entering into a definitive merger agreement with Thoma Bravo. Under the terms of the agreement, each outstanding share of Barracuda common stock will be exchanged for $27.55 in cash. Barracuda’s officers and directors have entered into agreements to vote their shares in favor of the transaction.
If you own Time shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.