Why Broadcom's Rumored $15-Billion Acquisition Of Symantec Makes Sense
Symantec Corp. signage is displayed outside of the company's headquarters in Mountain View, California, U.S., on Wednesday, July 3, 2019. Photographer: David Paul Morris/Bloomberg
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Symantec (NASDAQ: SYMC) shares jumped almost 14% over trading on Wednesday, July 3rd, following reports that it could potentially be acquired by Broadcom for $15 billion over the coming weeks. The security software company saw its share price increase to over $25 for the first time since last May.
Per Trefis estimates, Symantec's shares have a fair value of $21 and a potential acquisition for $15 billion implies a premium of roughly 15% for the company shareholders. Details about our price estimate are available in the interactive dashboard, Why Symantec Stock Soared, where you can modify forecasts to see the impact of changes on the company's stock.
Additionally, you can see more Trefis Technology company data here.