Morgan Cazenove are serving as financial advisors to Avast and White & Case LLP is serving as its legal advisor.įor more information, please visit /offer-for-avast. and continue trading on NASDAQ under its current "NLOK" ticker symbol.Įvercore is serving as financial advisor to NortonLifeLock and Kirkland & Ellis LLP and Macfarlanes LLP are serving as its legal advisors. Until that time, the Combined Company will operate as NortonLifeLock Inc. As it starts merging its operations, the Combined Company will soon announce a new name that reflects the forward-thinking vision and scale of its comprehensive Cyber Safety platform and trust-based solutions for consumers around the world. It will also begin trading under a new stock ticker under the new company name on NASDAQ. and discuss its shared financials and metrics during the fiscal year 2023 second quarter earnings release call. The Combined Company will operate as NortonLifeLock Inc. BST on September 12, 2022, and the Avast shares will be delisted from the London Stock Exchange effective as of September 13, 2022, at 8:00 a.m. With the completion of the transaction, trading in Avast shares was suspended at 7:30 a.m. On a provisional basis and prior to the calculation of the amount of GBP consideration due pursuant to the currency conversion facility, the aggregate consideration due pursuant to the Merger comprises 94,201,223 new NortonLifeLock Shares and cash consideration of approximately $5,970,761,620. On a provisional basis, shareholders holding 36.505% of the Avast shares elected the Majority Stock Option comprising 0.1937 new NortonLifeLock shares and $2.37 in cash per Avast share, with the remaining 63.495% due to receive the Majority Cash Option comprising 0.0302 new NortonLifeLock shares and $7.61 in cash per Avast share. NortonLifeLock Completes Merger with Avast
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |