Maryland-Based Law Firm Brower Piven Announces Investigation of Sourcefire, Inc. Proposed Buyout
July 31 2013 - 12:06PM
Business Wire
The securities litigation firm of Brower Piven, A Professional
Corporation, has commenced an investigation into possible breaches
of fiduciary duty to current shareholders of Sourcefire, Inc.
(“Sourcefire” or the “Company”) (NASDAQ: FIRE) and other violations
of state law by the board of directors of Sourcefire relating to
the proposed buyout of the Company by Cisco Systems, Inc.
(“Cisco”). The firm’s investigation seeks to determine, among other
things, whether the board of directors of Sourcefire breached their
fiduciary duties by failing to maximize shareholder value.
According to the press release announcing the proposed buyout,
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.
If you currently own common stock of Sourcefire and would like
to learn more about the investigation being conducted by Brower
Piven, you may email or call Brower Piven, who will, without
obligation or cost to you, attempt to answer your questions. You
may contact Brower Piven by email at hoffman@browerpiven.com, by
calling (410) 415-6616, or at Brower Piven, A Professional
Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153.
Brower Piven is the only firm headquartered in Maryland with a
practice dedicated primarily to shareholder class action
litigation. Attorneys at Brower Piven have combined experience
litigating securities and other class action cases of over 60
years.
Brower Piven, A Professional CorporationStevenson,
MarylandCharles J. Piven, 410-415-6616hoffman@browerpiven.com
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