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Monday, April 20, 2015

Raytheon to purchase cybersecurity firm Websense in $1.9 billion deal, (NYSE: HD), (NASDAQ: SPLS), (NYSE: TGT)

U.S. arms maker Raytheon Co is buying network security provider Websense Inc from private equity firm Vista Equity Partners LLC in a $1.9 billion deal, the latest in the fast-growing cybersecurity market.Several companies, including Sony Corp, Staples Inc , Home Depot Inc and Target Corp, have been targets of high-profile data thefts over the past two years."We're seeing an exponential increase in the number of attacks by ultra-sophisticated attackers," Raytheon Chief Executive Thomas Kennedy told Reuters. "It is the combination of those two that is leading to an explosion in the cybersecurity area."A cyber attack in mid-2014 at the U.S. Investigations Services, which performs background checks for U.S. government employees, compromised data of at least 25,000 workers, including some undercover investigators.

The Home Depot, Inc. (The Home Depot) is a home improvement retailer. Shares of HD traded higher by 0.87% or $0.98/share to $113.08. In the past year, the shares have traded as low as $75.32 and as high as $117.99. On average, 5026990 shares of HD exchange hands on a given day and today's volume is recorded at 937987.

Staples, Inc. is an office products company. The Company operates in three business segments: North American Stores & Online, North American Commercial and International Operations. Shares of SPLS traded higher by 0.75% or $0.12/share to $16.15. In the past year, the shares have traded as low as $10.70 and as high as $19.40. On average, 10333200 shares of SPLS exchange hands on a given day and today's volume is recorded at 1352936.

Target Corporation (Target) is engaged in providing everyday essentials and fashionable, and differentiated merchandise at discounted prices. Shares of TGT traded higher by 0.67% or $0.54/share to $80.56. In the past year, the shares have traded as low as $55.25 and as high as $83.98. On average, 4683870 shares of TGT exchange hands on a given day and today's volume is recorded at 838013.



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