Note: Cincarious Research contributed the article LifeLock Willing To Give FireEye $16 Per Share In Takeover Offer – Sources to Zero Hedge. It appears to be fake – or at least old – news.
Read this: Who or what is “Cincarious Research?”
Cincarious Research writes,
LifeLock is looking to revamp itself with a purchase of FireEye according to a few of our sources in the security space that are privy to the on-going conversation. We were told the company is seeking to expand offerings and the added cyber-security depth from FireEye on the government level is what LifeLock wants, badly. The deal is set for $16 per share for a total valuation of $2.7 billion.
Key sell-side comment from this morning supporting the idea that FireEye is struggling comes from Gabelli & Co which noted "What matters in 2017: FireEye’s execution to demonstrate growth and achieve its profitability improvement target, cybersecurity market demand, and sales performance of the company’s new products and initiatives."
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Update from Reuters,
(Reuters) – Security software provider Symantec Corp held talks to acquire FireEye Inc about six months ago, but is not currently pursuing a deal with the cyber security company, people familiar with the matter said on Thursday.
The two companies could not reach a deal because of disagreements over price, the sources said, asking not to be identified because the negotiations were confidential. Symantec and FireEye declined to comment.
Shares of FireEye had jumped earlier on Thursday after financial blog Zero Hedge published an article based on anonymous sources stating that Symantec's LifeLock unit was willing to offer $16 per share for FireEye. (my emphasis)
