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...A deal to buy the entire company would be more tax efficient for Symantec shareholders, one person briefed about the bid said....
...Broadcom-Symantec back on?...
...Also reporting after hours are Symantec, Dropbox and video game publishers Activision Blizzard and Take-Two. China's Lenovo discusses its latest quarter at 0700 GMT....
...(FT) News round-up Broadcom to buy Symantec’s enterprise unit in $10.7bn deal (FT) Kraft Heinz shares slump on new writedowns and falling sales (FT) Aviva explores Asia unit options amid sale speculation...
...Other trade buyers — including rating agency Moody’s, Rupert Murdoch’s News Corp and Germany’s Axel Springer — found the price tag too steep....
...Investors appeared to have latched on to a late-Tuesday report from the New York Post that Starboard Value, the hedge fund trying to shake things up at cyber security company Symantec and consumer goods...
...The fund sought to make its first splash when it bid for LifeLock in 2016, but its offer for the digital security company was bested by Symantec....
...What’s eating Symantec?...
...Elliott bid for Lifelock and lost out to Symantec but it bid for Gigamon and prevailed. A survey of investors by Evercore on Monday found that the highest proportion believed Elliott would prevail....
...Chubb shares were up 0.3 per cent, while Symantec was up 0.9 per cent....
...Hugh Thompson, chief technology officer of Symantec, said he spent most of his weekends from 2001 to 2005 working on election security, after voting machines were introduced because of concerns about hanging...
...to boycott brands with NRA partnerships that had prompted similar moves from car rental brands including Avis, Enterprise and Hertz, hoteliers Best Western and Wyndham, insurers Chubb and MetLife, and Symantec...
...Chris Young, McAfee’s chief executive, followed Symantec, a US-based rival, in pledging publicly to keep its source code secret, with worries about government interference flaring up after questions around...
...But established anti-virus software makers such as McAfee and Symantec found it harder to change tactics quickly....
...Pitney Bowes, Seagate and Symantec are among those rated Baa3 negative. Even among the hotshots there are puzzling features....
...Rouzier, who focuses on European deals, joined CD&R in 2005 from JPMorgan Assa Abloy, the world’s largest lockmaker, has appointed Nico Delvaux, currently head of Metso Corp, as chief executive....
...“We have seen it grow very rapidly,” said Darren Thomson, chief technology office for the cyber security firm Symantec. “Globally, we have seen a 36 per cent increase year-on-year.”...
...“The widespread use of filesharing between organisations is to some extent a dream come true for a cyber criminal,” says Darren Thomson, chief technology officer of Symantec, the anti-virus and web security...
...Symantec shares rose 5.3 per cent to $18.21 after the cyber security company said it would acquire Blue Coat for about $4.65bn in cash....
...More recently, Carlyle ended up cutting from $8bn to $7.4bn the price paid to Symantec for Veritas, a data storage provider, after banks struggled to finance the deal....
...So far this year, Vista Equity Partners has bought Ping Identity for an undisclosed sum, while Bain Capital sold Bluecoat to Symantec for almost double what it paid for the company the year before....
...Greg Clark, Blue Coat chief executive, will take the top job at Symantec, a position that has been vacant since April....
...Among them are: the $4.65bn sale of security company Blue Coat to Symantec this week and the $13bn merger of financial data providers IHS and Markit in March....
...20% layoffs = about 23,000 (Microsoft is letting go about 200 to 250 people every week, and none of these are ever announced) Network Appliance: Total Employees: 12,800: about 25% layoffs= about 3,200 Symantec...
...Since the first quarter closed, security software maker Symantec bought Blue Coat for $4.65bn, in its largest deal for more than a decade, consumer-facing antivirus provider Avast Software bought its rival...
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