Thursday, security software firm Symantec Corp. (SYMC) said its proposed $830 million acquisition of Altiris, Inc. (ATRS) has passed an antitrust regulatory test, by receiving early termination of the waiting period imposed by the Hart-Scott-Rodino Antitrust Improvements act.
Altiris provides software that enables IT organizations to manage, secure and service heterogeneous IT assets.
Symantec expects to close the deal in the second calendar quarter of 2007, subject to Altiris shareholder approval and regulatory approval in Germany, and other customary closing conditions.
SYMC closed Wednesday's trade at $16.65, while ATRS closed at $32.80.
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