(Bloomberg) — Symantec Corp., one of the world's most important cybersecurity affiliations, agreed to buy LifeLock Inc. for about $2.3 billion consolidating obligation to make in relationship for identity security.
The offer for LifeLock values its shares at $24 each, as showed up by a Business Wire disclosure. The offer is 16 percent over Friday's end cost. The Tempe, Arizona-based association was hunt down after by bidders including private respect firms Permira, TPG and Evergreen Coast Capital, the new buyout arm of speculative stock attempts Elliott Management, as appeared by people familiar with the matter, who asked for that not be named in light of the way that the framework is private.
Symantec, the maker of Norton antivirus programming, has been re-orientating its business more overwhelmingly toward cybersecurity, getting Blue Coat Inc. from Bain Capital this year in a $4.65 billion methodology. Earlier in the year, Mountain View, California-based Symantec sold data stockpiling unit Veritas to Carlyle Group LP for $7.4 billion.
Source:- mercurynews
The offer for LifeLock values its shares at $24 each, as showed up by a Business Wire disclosure. The offer is 16 percent over Friday's end cost. The Tempe, Arizona-based association was hunt down after by bidders including private respect firms Permira, TPG and Evergreen Coast Capital, the new buyout arm of speculative stock attempts Elliott Management, as appeared by people familiar with the matter, who asked for that not be named in light of the way that the framework is private.
Symantec, the maker of Norton antivirus programming, has been re-orientating its business more overwhelmingly toward cybersecurity, getting Blue Coat Inc. from Bain Capital this year in a $4.65 billion methodology. Earlier in the year, Mountain View, California-based Symantec sold data stockpiling unit Veritas to Carlyle Group LP for $7.4 billion.
Source:- mercurynews
