Shares of Barracuda Networks Inc. surged 16% in premarket trade Monday, after the company said it has agreed to be acquired by private-equity firm Thoma Bravo in an all-cash deal valued at $1.6 billion. Thoma Bravo will pay $27.55 per Barracuda share, equal to a premium of 22.5% over the company’s 10-day average stock price before Nov. 28. The deal is expected to close before the end of the company’s fiscal year end of Feb. 28, 2018. Barracuda will operate a privately held company with a focus on email security, network and application security and data protection. Shares have gained 11% in 2017 through Friday, while the S&P 500 has gained 16%.
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