FireEye Slides on $1.2 Billion Sale of Products Business
FireEye says the transaction will separate FireEye s network, email and cloud security products from its cyberforensics unit, Mandiant Solutions.
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FireEye (
FEYE) - Get Report stock was lower Thursday after the cybersecurity company said it agreed to sell its products business, including the FireEye name, for $1.2 billion in cash to a group led by Symphony Technology Group. Separately, FireEye said the board had authorized management to buy back as much as $500 million of stock.
Shares of the Milpitas, Calif., company at last check were off 12% to $19.83.
The transaction would separate FireEye s network, email and cloud security products from its cyberforensics unit, Mandiant Solutions.
The Mystery of the $113 Millıon Deli
https://www.nytimes.com/2021/06/02/magazine/your-hometown-deli.html
Credit.Illustration by Kelsey Dake
The Mystery of the $113 Millıon Deli
It made headlines around the world: a New Jersey sandwich shop with a soaring stock price. Was it just speculation, or something stranger?
Credit.Illustration by Kelsey Dake
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In a letter
to his investors this April, David Einhorn, founder of the hedge fund Greenlight Capital and a well-known short-seller, complained that the stock market was in a state of âquasi anarchy.â As one piece of evidence, he pointed to Elon Musk, whose commentary on Twitter, Einhorn said, amounted to market manipulation. âThe laws donât apply to him, and he can do whatever he wants,â Einhorn noted. As another example, he cited a restaurant in rural New Jersey called Your Hometown