Department of Justice Approves Symantec Acquisition of Quarterdeck

Symantec granted Hart Scott Rodino approval to proceed with transaction

Cupertino, Calif --November 4, 1998-- Symantec Corporation (Nasdaq: SYMC) announced that, effective Tuesday, November 3, 1998, the Department of Justice has granted early termination of the waiting period under the Hart Scott Rodino Act, allowing Symantec to proceed with its acquisition of Quarterdeck.Corporation,.

On October 15, Symantec announced a definitive merger agreement with Quarterdeck to purchase all outstanding shares of Quarterdeck common stock at a price of $0.52 per share. Including the assumption of Quarterdeck's outstanding debt, the total purchase price is approximately $65 million. The tender offer is scheduled to close on November 16, 1998.

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