RealTime IT News

Today's Deals: Cisco Announces Number 15 of the Year

Cisco Systems + NuSpeed Internet Systems, NetLojix Communications + Smith Technology Solutions, Symantec + AXENT Technologies

 Symantec (SYMC) acquires AXENT Technologies (AXNT)


   *  Amount:         $975 million


   *  Terms:            15.3 million shares

   *  Premium:        75%


   *  Industry:        Security


   *  Scorecard:      B-


    CUPERTINO, July 27--Symantec and AXENT Technologies announced that their boards of directors have approved the acquisition of AXENT by Symantec in a stock-for-stock transaction valued at approximately $975 million, in which Symantec will issue approximately 15.3 million shares of common stock to AXENT shareholders. The combination of the two companies will create a new leader in Internet security for enterprise customers.



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 Cisco Systems (CSCO) to acquire NuSpeed Internet Systems


   *  Amount:         $450 million