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AVAST PLC

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UK competition regulator probes NortonLifeLock $8.6 billion takeover of Avast

01/19/2022 | 03:11am EDT

LONDON (Reuters) - Britain's competition regulator has launched an investigation into whether a takeover by U.S. cybersecurity firm NortonLifeLock Inc of London-listed rival Avast Plc will reduce choice for customers in the country.

The Competition and Markets Authority said on Wednesday it had launched a merger inquiry, inviting comments from interested parties and giving a deadline of March 16 for a preliminary decision.

The deal, announced in August for up to $8.6 billion in cash and shares, aims to create a leader in consumer security software.

(Reporting by Andres Gonzalez, editing by Iain Withers)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AVAST PLC -1.41% 483.1 Delayed Quote.-19.30%
NORTONLIFELOCK INC. -0.20% 24.57 Delayed Quote.-5.23%
All news about AVAST PLC
05/24Form 8.3 - Nortonlifelock Inc
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05/17BOUSSARD & GAVAUDAN INVESTMENT MANAG : Form 8.3 - Avast Plc
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05/12Avast plc Announces Resignation of Warren Finegold as A Member of the Remuneration Comm..
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05/05Morgan Stanley Cuts Avast PT, Affirms Equal-weight Rating
MT
05/03Form 8.3 - Nortonlifelock Inc
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05/03Avast Q1 Organic Revenue Up 4%; Low Single-Digit FY Growth Seen
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05/03AVAST PLC : 1st quarter results
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05/02Former Avast Chief Commercial Officer to Join TeamViewer in July
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04/30AVAST PLC : Monthly statement on outstanding equity shares and voting rights
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04/26Form 8.3 - Avast plc
AQ
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Financials (USD)
Sales 2022 980 M - -
Net income 2022 328 M - -
Net Debt 2022 154 M - -
P/E ratio 2022 18,4x
Yield 2022 2,63%
Capitalization 6 316 M 6 316 M -
EV / Sales 2022 6,60x
EV / Sales 2023 5,93x
Nbr of Employees 1 864
Free-Float 61,7%
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Number of Analysts 8
Last Close Price 6,06 $
Average target price 7,17 $
Spread / Average Target 18,1%
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Managers and Directors
Ondrej Vlcek Chief Executive Officer & Director
Stuart Campbell Simpson Chief Financial Officer & Executive Director
John G. Schwarz Chairman
Michal Pechoucek Chief Technology Officer
Jaya Baloo Chief Information Security Officer
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