IN BRIEF: UK CMA opens phase 1 inquiry into US takeover of Avast

Avast PLC - Prague-based antivirus software - UK Competition & Markets Authority launches inquiry ...

Alliance News 19 January, 2022 | 3:33PM
Email Form Facebook Twitter LinkedIn RSS

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; thomaslwaite@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

Email Form Facebook Twitter LinkedIn RSS

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Avast PLC

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

© Copyright 2024 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures