Avast, NortonLifeLock to merge, up to USD 8.6bn in shares

Published: 12.08.2021 Related countries:  Egypt Egypt

NortonLifeLock and Avast have agreed to merge. The merger appraises the total common stock between USD 8.1bn and USD 8.6bn.

NortonLifeLock and Avast have agreed to merge in the form of a bid submitted by NortonLifeLock for Avast’s entire issued and to-beissued common stock. Based on the final price of USD 27.20 per share of July 13, 2021, the merger appraises the total common stock between USD 8.1bn and USD 8.6bn. NortonLifeLock director Vincent Pilette said that the Cyber Security platform would strengthen and be accessible to more than 500m users with the merger. He added that it would also be possible to accelerate innovations leading to transforming cybernetic security. NortonLifeLock was advised by Evercore, Kirkland & Ellis and Macfarlanes, while Avast used the services of UBS, J.P. Morgan Cazenove and White & Case.

Source: www.cianews.cz/en

Prepared by the team of CzechTrade Cairo