- ValueAct Capital, which won a Microsoft board seat last year, is among the activist investors thinking of taking a stake in Symantec (SYMC), sources tell Reuters.
- Meanwhile, P-E firms including Bain, Blackstone, and Carlyle have reportedly "started assessing the possibility of a leveraged buyout of all or parts of Symantec." Reuters adds some P-E firms "have approached Symantec in recent weeks to discuss deal possibilities," but there are currently no serious talks going on.
- 11 days ago, Reuters and Bloomberg reported Symantec is hiring one or more banks to explore its options and defend itself against activists following the firing of CEO Steve Bennett.
- Shares are near breakeven on a rough day for the Nasdaq.
From other sites
at 4-traders.com (Mon, 8:24AM)
at Nasdaq.com (Apr 10, 2015)
at MarketWatch.com (Apr 10, 2015)
at 4-traders.com (Mar 24, 2015)
at Nasdaq.com (Feb 23, 2015)
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