REFILE-UPDATE 2-Symantec ends talks to sell to Broadcom over price -sources [Reuters]
SYMANTEC (SYMC)
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Source: Reuters
REFILE-UPDATE 2-Symantec ends talks to sell to Broadcom over price -sources - Reuters 3 Min Read (Refiles for dropped word in penultimate paragraph) By Greg Roumeliotis and Akanksha Rana July 15 (Reuters) - Cybersecurity company Symantec Corp has walked away from negotiations to sell itself to chipmaker Broadcom Inc over price disagreements, people familiar with the matter said on Monday. Symantec’s decision raises new questions over the future of the U.S. antivirus software provider, which is looking for a new CEO and has been struggling to grow its business serving companies. It could not be determined why the price negotiations broke down. Broadcom was last week willing to offer as much as $28.25 per share in cash for Symantec and was hoping to ink a deal on Monday, one of the sources said. CNBC, which first reported the news on Monday, said Symantec was looking for more than $28 per share. It is possible that talks between the two sides resume, the sources said. However, Symantec
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