Private-Equity Firms Permira and Advent International Expressed Interest in Buying Symantec

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Symantec pops on report that private-equity firms made buyout proposal
Symantec shares jumped as much as 7% last Friday following a report that private-equity firms Permira and Advent International expressed interest in buying the company for $26 to $27 per share. The middle of the range is above Symantec’s 52-week high of $26.07 per share. The deal would give the Symantec’s consumer security business while preserving Broadcom’s previously announced acquisition of Symantec’s enterprise security assets, The Wall Street Journal reported, citing unnamed sources.

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Broadcom Acquiring Enterprise Security Assets of Symantec
For $10.7 billion in cash
August 9, 2019 | Press Release