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Sourcefire snorts at unsolicited takeover bid

Sourcefire has rejected an unsolicited takeover bid from Barracuda Networks. The firm, which develops a commercial version of Snort, the popular open source intrusion detection tool, said Barracuda's $187m bid "substantially undervalues" Sourcefire. In a terse statement on Friday, Sourcefire's board said it was better off as a …
John Leyden, 30 May 2008