secwatch.observer — SEC 8-K summary
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Issuer:     Gen Digital Inc. (GEN)
CIK:        0000849399
Form:       8-K
Filed at:   2024-12-10T23:59:59+00:00
Accession:  0001140361-24-048857
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gen Digital to acquire MoneyLion for $82/share (~$1B cash) plus CVR, expected close H1 FY2026
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- Cash consideration of $82.00 per share, representing total cash value of approximately $1 billion.
- Each MoneyLion share also gets one CVR entitling holder to $23 in Gen stock if Gen's VWAP reaches $37.50 over 30 consecutive days.
- Acquisition expected to close in first half of Gen's fiscal year 2026; no impact to FY2025 guidance provided Oct 30, 2024.
- Deal is accretive to Non-GAAP EPS; Gen reaffirms commitment to net leverage below 3x EBITDA by FY27.
- MoneyLion has ~18 million customers; boards of both companies unanimously approved the transaction.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/849399/000114036124048857/0001140361-24-048857-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/849399/000114036124048857/ny20039778x1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-048857

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