WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Barracuda Networks Inc. (“CUDA” or the “Company”) in connection with the proposed acquisition of the Company by private equity firm Thoma Bravo LLC (“Thoma Bravo”). On November 27, 2017, the Company announced a definitive agreement for Thoma Bravo to acquire all outstanding shares of CUDA in a transaction valued at approximately $1.6 billion. Under the terms of the agreement, CUDA shareholders will receive $27.55 in cash for each CUDA share they own.
WeissLaw is investigating whether CUDA’s Board acted to maximize shareholder value prior to entering into the agreement. Notably, at least one analyst set a target price of $32.00 per share, or $4.45 above the offer price. Additionally, the per-share consideration offers CUDA shareholders very little premium over the Company’s October 9 trading price of $26.16.
Given these facts, WeissLaw is investigating whether CUDA’s Board acted in the best interests of CUDA’s public shareholders to maximize shareholder value prior to entering into the agreement. If you own CUDA shares and would like more information about your rights or our investigation, or if you have information to share with us, please contact Joshua Rubin by telephone at (888) 593-4771 or by email at firstname.lastname@example.org.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at email@example.com or fill out the form on our website, http://www.weisslawllp.com/barracuda-networks-inc/