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Symantec confirms Veritas sale to Carlyle Group for $8B

Aug. 11, 2015 7:41 AM ETGen Digital Inc. (GEN) StockBy: Carl Surran, SA News Editor2 Comments
  • Symantec (SYMC) confirms the sale of Veritas to a group led by the Carlyle Group (CG) for $8B; shares are halted.
  • SYMC expects $6.3B in cash proceeds from the sale, and says it has added $1.5B to its share buyback program.
  • Carlyle names Bill Coleman as CEO and Bill Krause as chairman of Veritas.
  • Earlier: Symantec set to unveil Veritas sale to Carlyle
  • Earlier: Symantec misses by $0.03, misses on revenue

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