S&P Places Symantec (SYMC) Ratings on Review for Downgrade
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Symantec's (SYMC) Blue Coat Deal Looks Tentatively Good, but Some Risks Remain - BTIG
June 13, 2016 11:31 AM EDTBTIG affirms Symantec (NASDAQ: SYMC) with a Neutral rating after the company announced entering an agreement to acquire Blue Coat for about $4.65 billion.
Analyst Joel Fishbein commented Monday: The deal brings immediate benefits for SYMC: 1) increased enterprise security exposure, as pro forma... More
Wall St. slides for third straight session; big tech drags
June 13, 2016 7:35 AM EDTBy Lewis Krauskopf
(Reuters) - Wall Street stumbled for a third straight session on Monday as tech stalwarts Microsoft and Apple dragged on indexes and investors braced for major economic and political events in the United States and Europe.
Microsoft (NASDAQ: MSFT) fell 2.6 percent after announcing it would buy online networking company LinkedIn (NYSE: LNKD) for $26.2 billion in its biggest-ever deal. LinkedIn shares jumped 46.6 percent.
Apple shares fell 1.5 percent as the iPhone maker held its developers conference in San Francisco. Adding to the pressure from... More
FireEye (FEYE) on Watch Amid Symantec's Deal to Acquire Blue Coat
June 13, 2016 6:44 AM EDTFireEye (NASDAQ: FEYE) is on watch following news over the weekend that Symantec (NASDAQ: SYMC) entered into a definitive agreement to acquire Blue Coat for approximately $4.651 billion in cash.
On one hand, the deal... More
Symantec (SYMC) volatility low into $4.65B acquisition of Blue Coat
June 13, 2016 6:37 AM EDTSymantec (NASDAQ: SYMC) closed at $17.30 into announcing a $4.65B acquisition of Blue Coat. June call option implied volatility at 20, July is at 19; compared to its 52-week range of 18 to 163.
... MoreSymantec (SYMC) to Acquire Blue Coat for $4.65B
June 12, 2016 8:30 PM EDTSymantec (NASDAQ: SYMC) and Blue Coat, Inc. today announced that they have entered into a definitive agreement under which Symantec will acquire Blue Coat for approximately $4.651 billion in cash. The transaction has been approved by the Boards of Directors of both companies and is expected to close in the third calendar quarter of 2016. Greg Clark, Chief Executive Officer of Blue Coat, will be appointed Chief Executive Officer of Symantec and join the Symantec Board upon closing of the transaction.
Blue Coat is the #1 market share leader and share gainer in Web Security with a... More
