Symantec and Broadcom cancel delkanda Saveliev | 15.07.2019
According to information provided by the source СNBC, Symantec endpoint protection, Symantec refused to accept less than $ 28 per share. So what’s the deal, announced earlier, will not take place.
Note that the company Jefferies last week, in its research note said that it evaluates Symantec’s $ 24 per share (or $18.3 billion), and any sale price above that
will be a huge surprise for shareholders.
During the discussion of the transaction, the shares of Symantec rose by 22%, while Broadcom falls 4%, with the result that it fell by $5 billion Today, Monday, Symantec fell by 14% to 22.04
The essence of such acquisition not so much in growth as in safety and having at hand an easily recognizable brand, which is already developed trust. The deal with Symantec would give Broadcom a push in the direction
software that would help her calm through a trade war with China, where the company already had reduced forecast sales of chips this year for $2 billion. However, the General
Broadcom Director hock tan has developed several options for a planned major acquisition this year, so what follows can be Tibco, which is engaged in the development
In 2014, Vista Equity Partners acquired Tibco for $ 4.3 billion in the now considering its sale.
Journal: Journal IT-News, Subscription to magazines