Carlyle-led group to buy Veritas for $8 bln

Symantec Corp. said Tuesday it has agreed to sell its information management business, known as Veritas, to an investor group led by the Carlyle Group and GIC for $8 billion cash. Once the deal closes, Symantec said it expects to receive about $6.3 billion in net cash proceeds. BofA Merrill Lynch, Morgan Stanley & Co. LLC, UBS Investment Bank and Jefferies have agreed to provide debt financing. J.P. Morgan Securities LLC is serving as financial advisor to Symantec. BofA Merrill Lynch, Morgan Stanley & Co. LLC, and UBS Investment Bank are financial advisors to Carlyle and GIC.

DealsNorth AmericaUSBriefs