p2pnet.net News:- Symantec and VERITAS Software say they’re to merge in an all-stock transaction worth $13.5 billion, based on Symantec’s stock price of $27.38 at market close on December 15, 2004.

The new, combined company will operate under the Symantec name and John W. Thompson, Symantec ceo and chairman, will keep the same role in the new company.

Gary L. Bloom, Chairman, VERITAS president and ceo, will become vice-chairman and president.

The board directors of the combined company will include six members of Symantec’s current board, and four from VERITAS’ current board, says the former.

The transaction is expected to close in the second calendar quarter of 2005 and is subject to customary closing conditions, including approval by the shareholders of both companies and regulatory approvals, say VERITAS and Symantec.

===================

See:-
all-stock - Software Industry Leaders Symantec and VERITAS Software To Merge, Symantec, December 16, 2004

This entry was posted on Thursday, December 16th, 2004 at 7:32 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

HOME

Viewed 4118 times