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Buyout Firms Seek To Acquire Symantec $ 16 Billion



Symantec Corp. has received interest from a pair of private equity suitors seeking to buy the cybersecurity firm for more than $ 16 billion after it agreed to sell a large chunk of its business, according to people familiar with the matter.

Permira and Advent International Corp. recently approved Symantec proposing a takeover deal valuing Symantec at $ 26 to $ 27 a share that would hand them the company's consumer operation while preserving the sale of its enterprise business to Broadcom Inc. Such a structure could reduce …
  


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