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Article: SYMANTEC COMPLETES CENTRAL POINT SOFTWARE MERGER

Article from:
PR Newswire
Article date:
June 2, 1994
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CUPERTINO, Calif., June 2 /PRNewswire/ -- Symantec Corporation (Nasdaq: SYMC) today announced that it has completed its merger of Central Point Software, Inc., a Beaverton, Ore.-based company. 
The acquisition was a pooling of interests where all outstanding shares of Central Point stock were exchanged for an aggregate of approximately 4 million shares of Symantec stock.  The total value of the transaction was approximately $60 million. 
Symantec and Central Point, both well-known for desktop utility products, have each been investing in development and acquisition of products in the rapidly expanding market for software designed for networked computers -- the ...

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