Carlyle, Symantec Agree to Lower Price for Veritas Deal

  • Purchase price will be reduced to $7.4 billion from $8 billion
  • Symantec will keep a stake in the business worth $400 million

Carlyle Group LP and Symantec Corp. agreed to revise the terms of a deal for Symantec’s Veritas data-storage unit, lowering the purchase price for the biggest announced U.S. leveraged buyout of 2015 amid strains in the debt markets.

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