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Symantec Falls as Deal Talks With Broadcom Are Said Stall
(Bloomberg) -- Symantec Corp. and Broadcom Inc. have halted their discussions for a proposed merger as the two sides couldn’t agree on a price, according to people familiar with the matter. Symantec shares fell as much as 15% to $21.70.
Discussions hit an impasse over the weekend after Broadcom sought to reduce its offer by more than $1.50 per share after determining in due diligence that it was no longer willing to meet their agreed-upon price of $28.25, said the people, who asked to not be identified because the matter isn’t public.
They had been preparing to announce the transaction as soon as Tuesday, one of the people said. At $28.25 per share, Symantec would have been valued at about $17.5 billion.
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https://finance.yahoo.com/news/symantec-...33399.html
![[Bild: SYMCc1dl1603.png]](https://finviz.com/publish/071519/SYMCc1dl1603.png)
(Bloomberg) -- Symantec Corp. and Broadcom Inc. have halted their discussions for a proposed merger as the two sides couldn’t agree on a price, according to people familiar with the matter. Symantec shares fell as much as 15% to $21.70.
Discussions hit an impasse over the weekend after Broadcom sought to reduce its offer by more than $1.50 per share after determining in due diligence that it was no longer willing to meet their agreed-upon price of $28.25, said the people, who asked to not be identified because the matter isn’t public.
They had been preparing to announce the transaction as soon as Tuesday, one of the people said. At $28.25 per share, Symantec would have been valued at about $17.5 billion.
...
https://finance.yahoo.com/news/symantec-...33399.html
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