Navigate this market better. Subscribe for FREE stock alerts and information.

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.

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 17030609.