19th Jan 2022 15:33
Avast PLC - Prague-based antivirus software - UK Competition & Markets Authority launches inquiry into Avast's agreed takeover by US rival NortonLifeLock Inc. The CMA is inviting comments on whether the deal will reduce competition in the UK. It has until March 16 to make its phase 1 decision. The cash-and-share acquisition, announced back in July, had valued Avast at between USD8.1 billion and USD8.6 billion at the time.
Current stock price: 604.40 pence for GBP6.29 billion market capitalisation
12-month change: up 12%
By Tom Waite; [email protected]
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