11.08.2015 - Symantec will sell its business of information management
The company Symantec today announced an agreement to sell its business of information management Veritas to the group of investors led by The Carlyle Group and Singaporean investment fund for $ 8 billion. As a result, the company plans to use $ 2.6 billion to repurchase shares, which traditionally leads to the growth of the stocks. In addition, this step will allow the business to focus on the development of cybersecurity. We expect stable growth in demand for the company's products and anticipation of price growth by 22-24% per annum until the end of this year.