Shares of Symantec (SYMC) have jumped after Reuters reported, citing people familiar with the matter, that technology-focused private equity firm Thoma Bravo has approached the cybersecurity software company about a potential deal to go private.
Symantec previously reached a settlement with activist hedge fund Starboard Value in September and PE firms Bain Capital and Silver Lake are also investors, the report noted.
In morning trading, Symantec shares are up $2.82, or 14%, to $22.84.
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