Altiris (ATRS) Tops Q4 EPS by 1c
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Altiris (Nasdaq: ATRS) reports Q4 EPS of $0.27, 1 cent better than estimates.(0.26) Revenues were $60.4 million vs. $59.57 million consensus.
In a separate release, on Monday January 29th, Symantec Corp. (Nasdaq: SYMC) announced it had signed a definitive agreement to acquire Altiris in an all-cash transaction for $33 per share of Altiris common stock. The transaction is valued at approximately $830 million, net of cash, and is subject to customary closing conditions, including regulatory and Altiris stockholder approvals. The parties intend to complete the transaction as soon as practicable, and currently anticipate closing in the second calendar quarter of 2007.
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