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FTC Clears Symantec's $4.65 Billion Cash Buy of Blue Coat

Symantec won “early termination” of the Hart-Scott-Rodino waiting period on its proposed $4.65 billion cash acquisition of web security company Blue Coat, the FTC said in a notice Wednesday. Blue Coat CEO Greg Clark will be named CEO of Symantec…

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after the close of the deal in Q3, succeeding Ajei Gopal, interim chief operating officer, Symantec said last month (see 1606130010).