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FireEye shares surge after takeover chatter

Shares of FireEye closed up 4 percent after it was revealed that the cybersecurity firm reportedly rejected multiple offers to buy the company.

FireEye turned down two takeover offers, one from Symantec, who offered less than $30 per share, sources told Bloomberg on Wednesday. FireEye is working with Morgan Stanley to field interest from a potential acquirer, Bloomberg said.

FireEye information analysts work at the company's office in Milpitas, California.
Beck Diefenbach | Reuters

Symantec ended discussions with FireEye in February, and opted to acquire Blue Coat Systems earlier this week, Bloomberg said.

FireEye closed at $16.05 per share on Wednesday. The company has seen its stock slide nearly 70 percent over the past 12 months, as the company has been dinged by several rough quarterly earnings reports over the years.

Symantec declined to comment. A spokesperson for FireEye said, "We are always in discussions evaluating opportunities vs. our organic growth strategy. We feel very confident in our strategy today."

For more on FireEye's bidders, see the full report at