Bloomberg reported that FireEye Inc FEYE enlisted the help of Morgan Stanley to field takeover bids.
FireEye turned down offers from two suitors, seeing them as too far below their expected $30 per share, which represents an 87 percent premium to its closing price Wednesday.
The sale process is said to be over, after talks with all potential suitors, which to have included Symantec Corporation SYMC, never went anywhere.
FireEye shares spiked as high as $16.61 Wednesday, but pulled back to close at $16.05, up 4 percent for the day.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
