Report: FireEye Rejected Several Recent Takeover Offers

(RTTNews) - FireEye Inc. (FEYE) rejected takeover proposals from multiple parties earlier this year after hiring Morgan Stanley to field interest, Bloomberg reported citing people familiar with the matter.

The cyber-security company turned down at least two suitors that made offers below its expectations of $30 or more per share, the report said.

The report noted that one of the potential buyers was Symantec Corp.(SYMC). Symantec stopped its sale discussions with FireEye in early February.

Negotiations stalled with another buyer in late March. The sales process is no longer active, the report said.

Earlier this week, Symantec said that it agreed to buy Blue Coat Inc for about $4.651 billion in cash.