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.
Prepared by the team of CzechTrade Cairo