| Home : May 25 2012 Computer News : Symantec Announces Tender Offer for VeriSign Japan KK |
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Symantec Announces Tender Offer for VeriSign Japan KK |
May 25, 2012
MOUNTAIN VIEW, CA--(Marketwire - May 25, 2012) - Symantec Corp. (NASDAQ: SYMC) today announced it intends to commence a tender offer to purchase all of the outstanding shares of common stock and stock rights of publicly traded VeriSign Japan KK (TSE: 3722) that it does not already own through a wholly owned subsidiary of Symantec, GK Symantec Investments. The tender offer is expected to be launched on May 28, 2012 and to close on July 6, 2012, unless it is extended. Upon the successful closing of the tender offer, stockholders of VeriSign Japan KK will receive ¥44,000 (approximately US$556.00) for each share of VeriSign Japan KK common stock tendered in the offer. The tender offer has been recommended by a special panel appointed by the board of directors of VeriSign Japan KK.
Link: http://www.marketwire.com/mw/release.do?id=1661626&sourceType=3
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