Symantec receives interest from buyout firms Permira, Advent – WSJ

Symantec Corp has received interest from private equity firms Permira and Advent International Corp seeking to buy the cyber security company for more than $16 billion after it agreed to a sale of a big chunk of its business, the Wall Street Journal reported on Friday. Permira and Advent recently approached Symantec proposing a takeover deal valuing Symantec at $26 to $27 a share that would hand them the company’s consumer operation while preserving the sale of its enterprise business to Broadcom Inc, the report said, citing people familiar with the matter.

source https://finance.yahoo.com/news/symantec-receives-interest-buyout-firms-185533734.html?.tsrc=rss

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.