NortonLifeLock delays completion of deal for Avast – Security
US cyber safety firm NortonLifeLock has delayed the expected completion day for its buyout of London-detailed rival Avast to April 4, expressing it was awaiting regulatory nods in the United Kingdom and Spain.
The money-and-inventory offer, valued at up to US$8.6 billion (A$12 billion) when it was 1st introduced in August past 12 months, was previously anticipated to close on February 24.
NortonLifeLock’s shares ended up down 2.1 per cent in extended investing.
The takeover has captivated the scrutiny of Britain’s competition regulator, and the company in January introduced an investigation into regardless of whether the offer will lessen option for customers in the state.
The regulator has established a deadline of March 16 for a preliminary final decision.
