AMC milks the rise in its share price by raising more equity, Medtronic halts sales of its heart device, Delta Air Lines expects to return to profit later this year, FireEye sells its products business, there’s a shake-up to ExxonMobil’s board, and Broadcom is due to release results later.
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Another big name buyout by STG
Gareth Corfield Thu 3 Jun 2021 // 12:55 UTC Share
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FireEye has been sold for $1.2bn to the same American private equity fund that bought McAfee’s enterprise security business, severing it from infosec stablemate Mandiant.
The sale to Symphony Technology Group (STG) will see threat intel and incident response business Mandiant return to the market as a standalone operation in Q4 this year, FireEye said in a statement.
“We believe this separation will unlock our high-growth Mandiant Solutions business and allow both organizations to better serve customers,” added FireEye chief exec Kevin Mandia.
FireEye’s product security biz is being transferred to STG, where it will sit alongside McAfee’s enterprise security division, which STG bought for $4bn in March.
Other meme stocks popular among retail investors dropped Thursday mirroring AMC s fall. Shares of GameStop, which made headlines earlier this year in a short squeeze fueled by retail traders, erased 10%. Bed Bath & Beyond shares fell nearly 27% after rallying more than 60% the day prior. Shares of Express tumbled about 25% after the retailer announced a stock sale plan of 15 million shares.
Ford – The American auto maker is trading about 5.7% higher after it unveiled a new compact pickup truck called Maverick, which Ford expects to go on sale by the end of the year. The company hopes the addition to its truck lineup will attract more West Coast customers.
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