Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

ValueAct Adds New Stakes in Symantec, Expeditors International

May 14 (Bloomberg) -- ValueAct Capital Management LLC, the fund run by Jeffrey Ubben, acquired new stakes in Symantec Corp. and Expeditors International of Washington Inc.

ValueAct bought about 7.6 million shares of Symantec, giving it about a 1.1 percent stake in the biggest maker of antivirus tools, according to a filing today with the U.S. Securities and Exchange Commission. It also bought 2.19 million shares in Expeditors, a Seattle-based logistics company.

Symantec rose 2.7 percent to $22 as of 4:58 p.m. in New York, after closing regular trading at $21.41. Expeditors International rose slightly to $44.66.

San Francisco-based ValueAct, which manages about $14 billion, often mounts activist campaigns for changes at companies it invests in. The firm has helped change the direction of companies including Microsoft Corp. and Valeant Pharmaceuticals International Inc.

To contact the reporter on this story: Beth Jinks in New York at bjinks1@bloomberg.net

To contact the editors responsible for this story: Mohammed Hadi at mhadi1@bloomberg.net Elizabeth Wollman

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.