M&A
confidence high
sentiment neutral
materiality 0.65
NortonLifeLock pushes Avast merger closing date to April 4, 2022
Gen Digital Inc.
- Merger now expected to close on April 4, 2022, delayed from prior target of February 24, 2022.
- Two remaining regulatory approvals needed: UK Competition and Markets Authority and Spanish CNMC.
- Revised timetable includes Court Hearing on April 1 and Effective Date of April 4.
- Delay aligns with end of NortonLifeLock's fiscal year 2022 (April 1) to support operational integration.
- Avast shares to be suspended on April 4 and delisted by April 5, 2022.