Published on 5 Sep 2022 on Zacks via Yahoo Finance
NortonLifeLock (NLOK) Avast Buyout Gets UK Regulator's Approval
NortonLifeLock NLOK is finally set to complete its much ambitious acquisition of the London-listed rival cyber security firm, Avast Plc, as Britain’s competition regulator gave its final nod for the merger. The American consumer cyber safety provider now expects to close the deal on Sep 12.
NortonLifeLock already received regulatory approval from the U.S. Federal Trade Commission in November last year. The waiting period for a review of the transaction under the Hart-Scott-Rodino Act expired on Nov 12, 2021.
Why Does Avast Buyout Make Sense for NortonLifeLock?