On Monday, Shares of Symantec Corporation (NASDAQ:SYMC), included 3.24% and shut at $24.52 inside the end purchasing and offering session. The last exchanging scope of the stock ranges amongst $23.20 and $24.99. The business’ commercial center capitalization is $15.23 Billion with the aggregate fabulous loads of 623.42 million. Symantec Corp. (SYMC) and LifeLock, Inc. (LOCK) recently declared that they have reached a definitive agreement for Symantec to acquire LifeLock for $24 per share or $2.3 billion in enterprise value. The deal, which was approved by the boards of directors of both companies, is expected to close in the first calendar quarter of 2017, subject to customary closing conditions counting LifeLock stockholder approval.
In the last year, one third of American citizens and over 650 million people globally were the victims of cybercrime. As A Result, more and more consumers are concerned about digital safety, an estimated $10 billion market growing in the high single digits. In the United States alone, the estimated total addressable market is 80 million people.
“As we all know, consumer cybercrime has reached crisis levels. LifeLock is a leading provider of identity and fraud protection services, with over 4.4 million highly-satisfied members and growing. With the combination of Norton and LifeLock, we will be able to deliver comprehensive cyber defense for consumers,” said Greg Clark, Symantec’s CEO. “This acquisition marks the transformation of the consumer security industry from malware protection to the broader category of Digital Safety for consumers.”
Shares of Regions Financial Corp (NYSE:RF), subtract -1.13% and shut at $13.11 inside the last exchanging session. The rest of the purchasing and offering scope of the stock levels among $13.11 and $13.38. The association’s commercial center capitalization is $16.25 Billion with the general uncommon loads of 1.23 billion. Regions Bank recently declared that Jack Hirsch, an Institutional Services Area Manager in Birmingham, is the November 2016 recipient of the Regions Bank Better Life Award. The Better Life Award is the top honor given to a Regions associate for outstanding dedication and job performance in addition to exemplary involvement and commitment to the community.