CUPERTINO, Calif. - May 19, 2005 - Symantec Corp. (Nasdaq: SYMC) and VERITAS Software Corp. (Nasdaq: VRTS) today announced that the Securities and Exchange Commission has declared effective the Form S-4 Registration/Joint Proxy statement concerning their proposed merger. Each company will hold a special meeting of stockholders on June 24, 2005 to approve matters relating to the proposed merger between the two companies.
Stockholders of record as of May 12, 2005 will be mailed the joint proxy statement/prospectus in connection with the proposed merger and will be entitled to vote at the respective company's special stockholder meeting. The joint proxy statement will be mailed to stockholders of both companies on or about May 23, 2005. The merger is subject to customary closing conditions, including requisite approvals by the stockholders of both companies. The parties expect to close the proposed merger transaction soon after the companies conduct their special stockholder meetings and receive the requisite stockholder approvals.
VERITAS stockholders are invited to attend its special meeting of shareholders to be held at 8 am PDT on June 24 at the VERITAS offices located at 350 Ellis Street, Mountain View, Calif., 94043.
Symantec stockholders are invited to attend its special meeting of shareholders to be held at 8 am PDT on June 24 at the Symantec offices located at 20330 Stevens Creek Blvd, Cupertino, Calif., 95014.
About VERITAS Software
VERITAS Software, one of the 10 largest software companies in the world, is a leading provider of software and services to enable utility computing. In a utility computing model, IT resources are aligned with business needs, and business applications are delivered with optimal performance and availability on top of shared computing infrastructure, minimizing hardware, and labor costs. With 2004 revenue of $2.04 billion, VERITAS delivers products and services for data protection, storage & server management, high availability, and application performance management that are used by 99 percent of the Fortune 500. More information about VERITAS Software can be found at www.veritas.com.
Symantec is the world leader in providing solutions to help individuals and enterprises assure the security, availability, and integrity of their information. Headquartered in Cupertino, Calif., Symantec has operations in more than 40 countries. More information is available at www.symantec.com.
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Symantec, the Symantec logo, VERITAS, and the VERITAS logo are trademarks or registered trademarks of Symantec Corporation or its affiliates in the United States and certain other countries. Additional company and product names may be trademarks or registered trademarks of the individual companies and are respectfully acknowledged.