Sourcefire Terminates HSR Act Waiting Period for Deal with Cisco
Sourcefire (NASDAQ: FIRE) today announced that the Hart-Scott-Rodino (HSR) review period for the pending acquisition of Sourcefire by Cisco (NASDAQ: CSCO) was terminated on September 3, 2013 in advance of its scheduled expiration.
The termination of the HSR review period satisfies one of the conditions necessary for the transaction to close. Sourcefire expects that, subject to the remaining customary closing conditions, including the approval of Sourcefire's stockholders, the transaction will be completed in the fourth quarter.
Cisco and Sourcefire announced the pending acquisition on July 23, 2013 following unanimous approval by the boards of directors of both companies. The strategic combination of Cisco and Sourcefire will combine world-class products, technologies and research teams to provide continuous and pervasive advanced threat protection across the entire attack continuum -- before, during and after an attack -- and from any device to any cloud.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.