Symantec and The Carlyle Group Plan to Close Acquisition of Veritas January 29, 2016
December 21 2015 - 4:05PM
Business Wire
Symantec Corp. (NASDAQ: SYMC) and The Carlyle Group (NASDAQ: CG)
today announced that they expect to close Carlyle’s acquisition of
Veritas on January 29, 2016, subject to the satisfaction of
customary closing conditions. The closing was previously expected
to take place on January 1, 2016.
Bill Coleman, who will become CEO of Veritas upon the close of
the transaction, said, “The team at Carlyle and I continue to be
very excited about Veritas, its strong brand and products, as well
as its top-tier customer and partner base. We see in Veritas an
incredible opportunity for value creation and look forward to
working alongside the strong existing Veritas team.”
About Symantec
Symantec Corporation (NASDAQ: SYMC) is the global leader in
cybersecurity. Operating one of the world’s largest cyber
intelligence networks, we see more threats, and protect more
customers from the next generation of attacks. We help companies,
governments and individuals secure their most important data
wherever it lives.
Symantec, the Symantec Logo and the Checkmark logo are
trademarks or registered trademarks of Symantec Corporation or its
affiliates in the U.S. and other countries. Other names may be
trademarks of their respective owners.
About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset
manager with $188 billion of assets under management across 126
funds and 160 fund of funds vehicles as of September 30, 2015.
Carlyle's purpose is to invest wisely and create value on behalf of
its investors, many of whom are public pensions. Carlyle invests
across four segments – Corporate Private Equity, Real Assets,
Global Market Strategies and investment Solutions – in Africa,
Asia, Australia, Europe, the Middle East, North America and South
America. Carlyle has expertise in various industries, including:
aerospace, defense & government services, consumer &
retail, energy, financial services, healthcare, industrial, real
estate, technology & business services, telecommunications
& media and transportation. The Carlyle Group employs more than
1,700 people in 35 offices across six continents.
Forward-Looking Statements
This press release contains statements regarding the anticipated
timing of the closing of Symantec’s sale of Veritas to The Carlyle
Group, which may be considered forward-looking within the meaning
of the U.S. federal securities laws. These statements are subject
to known and unknown risks, uncertainties and other factors that
may cause such timing to differ from that expressed or implied in
this press release. Such risk factors include the risk of continued
satisfaction of the closing conditions set forth in the definitive
agreement for the transaction, and the risk that the transaction
may not be completed when expected. We assume no obligation, and do
not intend, to update these forward-looking statements as a result
of future events or developments.
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version on businesswire.com: http://www.businesswire.com/news/home/20151221006190/en/
SymantecFor MediaKristen Batch,
503-516-6297kristen_batch@symantec.comorFor InvestorsJonathan
Doros, 650-527-5523jonathan_doros@symantec.comorThe Carlyle
GroupLiz Gill, 202-729-5385Elizabeth.gill@carlyle.com
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