M&A
confidence high
sentiment neutral
materiality 0.80
Gen Digital to acquire MoneyLion for $82.00 per share plus CVR
Gen Digital Inc.
- Cash consideration of $82.00/share plus one CVR per share; CVR pays $23.00 in stock if 30-day avg VWAP >= $37.50 within 2 years.
- 45-day go-shop period allows MoneyLion to solicit superior proposals; after that, standard no-shop with fiduciary out.
- Stockholders representing ~23% of MoneyLion voting power entered voting agreement to support the merger.
- Closing conditions include HSR clearance, MoneyLion stockholder approval, and effectiveness of the CVR registration statement.
- Termination fee of ~$41M (reduced to ~$20.5M if terminated during go-shop for superior proposal) payable by MoneyLion in specified scenarios.