Pemira and Advent target Symantec
Pemira and Advent investing companies reportedly are targeting a takeover of cyber security company Symantec. The parties would together want to pay $ 16 billion for the company, according to various American media based on insiders.
The takeover attempt is remarkable as Symantec recently reached an agreement on the sale of its business branch to chip giant Broadcom for $ 10.7 billion. They would also have talked in vain about full takeover. That deal would have involved more than $ 15 billion.
Symantec is best known for its antivirus software including Norton AntiVirus. The company recently went through a turbulent period with, among other things, a major reorganization, an investigation whereby results had to be adjusted afterwards and the premature departure of its chairman of the board.