NortonLifeLock in discussion to acquire Avast PLC
LONDON, UK: NortonLifeLock Inc., a global leader in consumer Cyber Safety, notes the announcement by Avast, released earlier today, and confirms that it is in advanced discussions with the board of Avast regarding a possible combination of NortonLifeLock and Avast.
A combination of NortonLifeLock and Avast would bring together two companies with aligned visions, highly complementary business profiles and a joint commitment to innovation that helps protect and empower people to live their digital lives safely.
“We would draw on the best of both companies to ensure that the combination would benefit our customers, reward our employees and maximise long term value for all shareholders,” a news release said.
The possible combination may be implemented by way of a cash and share offer by NortonLifeLock for the entire issued and to be issued share capital of Avast but, pursuant to Rule 2.5 of the City Code on Takeovers and Mergers, NortonLifeLock reserves the right to vary the form and/or mix of the consideration.
This announcement does not amount to an announcement of a firm intention to make an offer under Rule 2.7 of the Code. There can be no certainty that any firm offer for Avast will be made nor as to the terms on which any firm offer might be made.
NortonLifeLock is a global leader in consumer Cyber Safety, protecting and empowering people to live their digital lives safely. We are the consumer’s trusted ally in an increasingly complex and connected world.
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