UBS Reiterates Buy on Symantec (SYMC) Following Announced Intentions to Acquire LifeLock (LOCK)

Needham & Company Downgrades LifeLock (LOCK) to Hold Following Takeover

Needham & Company downgraded LifeLock (NYSE: LOCK) from Buy to Hold after the company agreed to be acquired.

For an analyst ratings summary and ratings history on LifeLock click here. For more ratings news on LifeLock click here.

Shares of LifeLock closed at $20.75 yesterday.

Pre-Open Stock Movers 11/21: (HW) (LOCK) (MSTX) Higher; (TSN) (ACOR) (MTSI) Lower (more...)

Today's Pre-Open Stock Movers

Headwaters, Inc. (NYSE: HW) 18% HIGHER; announced that it has entered into a binding merger agreement with Boral Limited (BORAL: BLD:ASX) pursuant to which Boral will acquire Headwaters Incorporated for US$24.25 per share in cash, representing an aggregate enterprise value of approximately US$2.6 billion (Acquisition).

Tyson Foods (NYSE: TSN) 16% LOWER; reported Q4 EPS of $0.96, $0.21 worse than the analyst estimate of $1.17. Revenue for the quarter came in at $9.16 billion versus the consensus estimate of $9.38 billion.... More

Major indexes hit records as post-election rally goes on

By Caroline Valetkevitch

NEW YORK (Reuters) - All three major U.S. stock indexes set record closing highs on Monday, extending their post-election rally as energy and other commodity-related shares gained and Facebook led a jump in technology.

Small caps added to recent gains as well, pushing the Russell 2000 index to a record high close. The session marked the first time all four indexes hit closing records on the same day since Dec. 31, 1999.

Stocks have mostly rallied since the Nov. 8 U.S. election, with investors snapping up shares of banks, health care and other companies expected... More

Symantec (SYMC) to Acquire LifeLock (LOCK) for $2.3B

Symantec Corp. (NASDAQ: SYMC) and LifeLock, Inc. (NYSE: LOCK) today announced that they have entered into a definitive agreement for Symantec to acquire LifeLock for $24 per share or $2.3 billion in enterprise value. The deal, which was approved by the boards of directors of both companies, is expected to close in the first calendar quarter of 2017, subject to customary closing conditions including LifeLock stockholder approval.

In the last year, one third of American citizens and over 650 million people globally were the victims of cybercrime. Consequently, more and more... More

Symantec agrees to buy LifeLock for $2.3 billion in cash: media

(Reuters) - Computer security software manufacturer Symantec Corp. (NASDAQ: SYMC) will acquire LifeLock Inc. (NYSE: LOCK) for $2.3 billion in cash, according to a tweet from CNBC, citing Dow Jones.

The Wall Street Journal also reported the deal for... More

Symantec to acquire LifeLock for $2.3 billion

By Liana B. Baker and Greg Roumeliotis

(Reuters) - Symantec Corp (NASDAQ: SYMC) said it would acquire U.S. identity theft protection services company LifeLock Inc (NYSE: LOCK) for $2.3 billion, in a deal that it hopes will prop up sales at its Norton cybersecurity unit.

Symantec's security software often comes bundled with personal computers. As a result, the company has suffered as consumers use mobile devices more than traditional computers. While Norton remains profitable, its sales have been falling.

"(Norton) had been declining with the... More