Tag Archives: J.P. Morgan Securities

Symantec, Carlyle Group Modify Proposed Veritas Deal’s Value, Terms

The Carlyle Group (Nasdaq: CG) will pay $7.4 billion to acquire Symantec (Nasdaq: SYMC) subsidiary Veritas under amended financial terms of a proposed acquisition deal the parties expect to close Jan. 29. Symantec and Carlyle previously announced an $8 billion purchase price for the data management business. Michael Brown, Symantec president and CEO, …

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Carlyle Group Reduces Booz Allen Ownership Stake to 37%

An affiliate of The Carlyle Group (NASDAQ: CG) has sold 10 million shares of Booz Allen Hamilton‘s (NYSE: BAH) Class A common stock to J.P. Morgan Securities for $263.1 million, or around $26.31 per share. Booz Allen said Wednesday that these transactions would result in Carlyle owning 37 percent of Booz Allen’s outstanding stock. The firm added that it also …

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Michael Brown: Symantec to Separate Security, Info Mgmt Businesses

Symantec (NASDAQ: SYMC) plans to split its security and information management businesses into two independent,  publicly-traded firms by the end of December 2015. “It has become clear that winning in both security and information management requires distinct strategies, focused investments and go-to market innovation, ” Michael Brown, president and CEO of Symantec, said …

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