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Fly News Breaks for November 6, 2018
SYMC
Nov 6, 2018 | 12:47 EDT
After Reuters reported that private equity firm Thoma Bravo has approached Symantec to express interest in a potential takeover, Wedbush analyst Daniel Ives says the company could be worth $26-$30 in a buyout deal. The stock in midday trading is up 14%, or $2.79, to $22.81. The analyst, who has a Neutral rating on Symantec, expects M&A activity in cybersecurity to accelerate in the next 12 to 18 months.
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