12.351.2004 - Software Industry Leaders Symantec and VERITAS Software To Merge

Cupertino, CA and Mountain View, CA (December 16, 2004) - Symantec Corp. (Nasdaq: SYMC) and VERITAS Software Corp. (Nasdaq: VRTS) today announced that the companies have entered into a definitive agreement to merge in an all-stock transaction. Based on Symantec's stock price of $27.38 at market close on December 15, 2004, the transaction is valued at approximately $13.5 billion. - View Press Release - Visit Symantec Corp.