The Channel logo

News

By | Chris Mellor 8th November 2010 09:48

Symantec under pressure to split up?

Activist investors getting active

Symantec faces being split up by activist investors, according to the New York Post.

Symantec is viewed as still struggling to integrate its 2005, $10.5bn Veritas acquisition, and it may be undervalued as a result, based upon estimates of what individual units could fetch if they were spun off. For example, Veritas might be sold - EMC might like to think about buying that, or the Norton Anti-Virus business could be put up for sale.

The Post's source says the dissident investors are touting possibilities to potential buyers and other shareholders. On 15 November, US regulations will force new investors with between one and five per cent shareholdings to disclose their identity, which could flush them out into the open.

Big numbers are being bandied about, with one shareholder thinking Symantec could fetch $22 to $26 overall if broken up, which contrasts to its current share price of $17.14. ®

comment icon Read 7 comments on this article alert Send corrections

Opinion

Merlin Data Center Interior

Trevor Pott

Enterprises want them, but they're still a pain in the ASCII
WWI French tank picture via Shutterstock
Vinod_Khosla

Chris Mellor

A VC with startup agenda slams established suppliers. Surprised? Neither were we
ZenPad_RealRacing

Features

Eclipse image via Shutterstock
The Azure Portal: Microsoft is betting on cloud for its future business
container_ship_hamburg_shutterstock_648
Michael Dell. Pic by Joi Ito
Cool Texas dude is just your average billionaire