• Cybersecurity giant Symantec surges 10% after a $6 billion activist buys a stake

    1 month ago - By Chron

    Melia Robinson/Business Insider
    Shares of Symantec jumped as much as 10% to $20.50 Thursday after Starboard reported a stake in the cybersecurity giant.
    Starboard, which manages roughly $6 billion, has taken a 5.8% stake in Symantec and nominated five directors to the board.
    The stock surge recovers some of the price loss after Symantec fell sharply after bad earnings earlier this month.
    Follow Symantec's stock price in real-time here.
    Shares of Symantec surged as much as 10% to $20.50 Thursday on trading after
    Starboard, a $6 billion New York-based investment adviser, reported a...
    Read more ...

     

  • Roark Capital takes another $450M bite of Arby's, buying Wendy's stake

    Roark Capital takes another $450M bite of Arby's, buying Wendy's stake

    1 month ago - By Biz Journals

    An Atlanta private equity is taking an even bigger bite out of Arby's, buying hamburger giant Wendy's share of the restaurant chain.
    The Wendy's Co. said Thursday that it accepted an offer from Inspire Brands, the holding company of Roark Capital, to sell its 12.3 percent ownership interest in Arby's for $450 million. Wendy's Chairman Nelson Peltz said the sale represents a 38 percent increase from its most recent valuation of the investment.
    As of 2 p.m. Thursday, Wendy's stock...
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  • Cybersecurity giant Symantec surges 10% after a $6 billion activist buys a stake

    Cybersecurity giant Symantec surges 10% after a $6 billion activist buys a stake

    1 month ago - By Business Insider

    Shares of Symantec jumped as much as 10% to $20.50 Thursday after Starboard reported a stake in the cybersecurity giant.
    Starboard, which manages roughly $6 billion, has taken a 5.8% stake in Symantec and nominated five directors to the board.
    The stock surge recovers some of the price loss after Symantec fell sharply after bad earnings earlier this month.
    Follow Symantec's stock price in real-time here .
    Shares of Symantec surged as much as 10% to $20.50 Thursday on trading after Starboard, a $6 billion New York-based investment adviser, reported a beneficial ownership in the...
    Read more ...

     

  • Cybersecurity giant Symantec surges 10% after a $6 billion activist buys a stake

    Cybersecurity giant Symantec surges 10% after a $6 billion activist buys a stake

    1 month ago - By Business Insider

    Shares of Symantec jumped as much as 10% to $20.50 Thursday after Starboard reported a stake in the cybersecurity giant.
    Starboard, which manages roughly $6 billion, has taken a 5.8% stake in Symantec and nominated five directors to the board.
    The stock surge recovers some of the price loss after Symantec fell sharply after bad earnings earlier this month.
    Follow Symantec's stock price in real-time here .
    Shares of Symantec surged as much as 10% to $20.50 Thursday on trading after Starboard, a $6 billion New York-based investment adviser, reported a beneficial ownership in the...
    Read more ...

     

  • Cybersecurity giant Symantec surges 10% after a $6 billion activist buys a stake

    Cybersecurity giant Symantec surges 10% after a $6 billion activist buys a stake

    1 month ago - By Business Insider

    Shares of Symantec jumped as much as 10% to $20.50 Thursday after Starboard reported a stake in the cybersecurity giant.
    Starboard, which manages roughly $6 billion, has taken a 5.8% stake in Symantec and nominated five directors to the board.
    The stock surge recovers some of the price loss after Symantec fell sharply after bad earnings earlier this month.
    Follow Symantec's stock price in real-time here .
    Shares of Symantec surged as much as 10% to $20.50 Thursday on trading after Starboard, a $6 billion New York-based investment adviser, reported a beneficial ownership in the...
    Read more ...