Notable Mergers and Acquisitions of the Day 5/30 (QNTA, FIRE, BLKB/KNTA)

May 30, 2008 9:45 AM EDT

StreetInsider.com Notable Mergers and Acquisitions of the Day:


  • Quanta Capital Holdings Ltd. (NASDAQ: QNTA) entered into a definitive amalgamation agreement with Catalina Holdings (Bermuda) Ltd. and Catalina Alpha Ltd. Pursuant to the amalgamation agreement, Catalina will acquire Quanta in a transaction valued at approximately $197 million. At the closing of the proposed amalgamation, holders of the common shares of Quanta will receive $2.80 per share in cash.

  • Barracuda Networks Inc. made a proposal to the Board of Directors of Sourcefire Inc. (Nasdaq: FIRE) to acquire all of the outstanding shares of common stock for $7.50 per share in cash. This proposal represents a 13 percent premium above the closing price of Sourcefire common stock on May 23, 2008.

    Sourcefire has rejected Barracuda's initial offer, saying the offer substantially undervalues the company.

  • Blackbaud, Inc. (NASDAQ: BLKB) today announced that it is acquiring Kintera, Inc. (NASDAQ: KNTA) for $46 million in an all-cash transaction. Blackbaud expects to finance the deal with cash and borrowings from its credit facility.

To see all the Mergers & Acquisitions for today in real-time go to http://www.streetinsider.com/Mergers+and+Acquisitions


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Stocks Mentioned

BLKB 15.67

+1.43 +10.04%
Volume: 615,708
Track BLKB

FIRE 5.36

+0.12 +2.29%
Volume: 103,898
Track FIRE

KNTA 1.11

+0.00 +0.00%
Volume: 0
Track KNTA

QNTA 2.80

+0.40 +16.67%
Volume: 1,888,399
Track QNTA


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