NortonLifeLock Announced Earlier its Acquisition of Avast to Close September 12, 2022 Following UK Regulatory Approval

Author: Charles Gross | September 02, 2022 06:39am
NortonLifeLock (NASDAQ:NLOK) today announced its merger with Avast plc ("Avast" or the "Company") is now expected to close on September 12, 2022, following the issuance of the CMA's final report clearing the transaction. NortonLifeLock's Acquisition of Avast to Close September 12, 2022 The Merger is proposed to be effected by means of a U.K. court-sanctioned scheme of arrangement under which Nitro Bidco Limited, a wholly owned subsidiary of NortonLifeLock, will acquire the entire issued and to be issued ordinary share capital of Avast, and remains subject to the terms and additional conditions to closing set out in the scheme document that was published on October 28, 2021. This timeline may be subject to change

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