25th Feb 2022 09:44
Avast PLC - Prague-based antivirus software - NortonLifeLock Inc says it has received antitrust clearance from Spain's National Markets & Competition Commission for its acquisition of Avast. Says the review by the UK Competition & Markets Commission remains the only outstanding regulatory condition for the takeover, which it previously said it expects to close on April 4. Back in August, Tempe, Arizona-based NortonLifeLock agreed to buy its cybersecurity peer in a cash-and-shares deal worth USD8.6 billion at the time.
Separately on Friday, Avast issues 2021 results. Pretax profit nearly doubles to USD450.3 million from USD236.3 million in 2020, as revenue rises 5.4% to USD941.1 million from USD892.9 million. Avast previously had said it will pay a last interim dividend of 11.2 cents per share due to the NortonLifeLock takeover closing after March 1.
Current stock price: 621.60 pence, down 0.1% on Friday
12-month change: up 33%
By Tom Waite; [email protected]
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