(PR) NortonLifeLock and Avast to Merge to Lead the Transformation of Consumer Cyber Safety

NortonLifeLock , a world-wide leader in customer Cyber Safety, and Avast, a worldwide leader in electronic protection and privateness, are happy to announce that they have reached settlement on the conditions of a encouraged merger of Avast with NortonLifeLock, in the type of a advisable offer by NortonLifeLock, for the full issued and to be issued regular share capital of Avast.

Beneath the conditions of the merger Avast shareholders will be entitled to get a combination of cash consideration and freshly issued shares in NortonLifeLock with different thing to consider elections available. Based on NortonLifeLock’s closing share selling price of USD 27.twenty on July 13, 2021 (remaining the very last trading day for NortonLifeLock shares just before market speculation commenced in relation to the merger on July 14, 2021, ensuing in the commencement of the present interval), the merger values Avast’s entire issued and to be issued regular share capital concerning about USD eight.1B and USD eight.6B, based on Avast shareholders’ elections.

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