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Monday, March 16, 2015

Raytheon in talks to purchase Websense Inc - Bloomberg, (NYQ: C)

U.S. arms maker Raytheon Co is in talks to purchase network-security company Websense Inc, owned by private-equity firm Vista Equity Partners LLC, Bloomberg reported citing people familiar with the matter. Vista has hired Citigroup Inc to sell Austin-based Websense for more than $1 billion, according to the report. ( company bought Websense for about $900 million in 2013. ( makes software that protects companies and their networks from cybercrime, malware and data theft.Raytheon also bought privately held Blackbird Technologies, which provides cybersecurity, surveillance and secure communications to spy agencies and special operations units, for $420 million in November last year.

Citigroup Inc., is a financial services holding company. Shares of C traded higher by 0.28% or $0.15/share to $53.69. In the past year, the shares have traded as low as $45.18 and as high as $56.95. On average, 21262200 shares of C exchange hands on a given day and today's volume is recorded at 17030409.