(Alliance News) - Avast PLC on Monday declared an interim dividend to be paid only if its takeover by US cyber security peer NortonLifeLock Inc is delayed.
Avast declared an interim dividend of 11.2 cents. The Prague-based digital protection company said the dividend won't be paid if the takeover is completed before March 1.
In August, Avast agreed to be bought by Tempe, Arizona-based NortonLifeLock in a deal worth at the time about USD8.6 billion. For each Avast share, the offer was USD2.37 in cash, plus 0.1937 of a NortonLifeLock share.
The merger is expected to become effective on February 24.
Shares in Avast were down 0.2% at 619.00 pence on Monday morning in London. NortonLifeLock shares closed at USD27.59 in New York on Friday, up 8.7% on the day.
By Heather Rydings; heatherrydings@alliancenews.com
Copyright 2022 Alliance News Limited. All Rights Reserved.


Avast PLC - Prague-based antivirus software - Says that its merger with NortonLifeLock Inc has now become effective. Applies to the Financial Conduct ...


(Alliance News) - Homeserve PLC will return to the FTSE 100, for a potentially brief stint, as part of index changes stemming from the buyout of cyber...


(Correcting Avast's market capitalisation.)


Avast PLC - Prague-based antivirus software - Says that its merger with NortonLifeLock Inc has now become effective. Applies to the Financial Conduct ...


(Alliance News) - Homeserve PLC will return to the FTSE 100, for a potentially brief stint, as part of index changes stemming from the buyout of cyber...


(Correcting Avast's market capitalisation.)


(Alliance News) - The UK Competition & Markets Authority on Friday confirmed it has cleared NortonLifeLock's acquisition of its London-listed cybersec...


(Sharecast News) - The Competition and Markets Authority has cleared NortonLifeLock's acquisition of Avast.


(Sharecast News) - The Competition and Markets Authority has cleared NortonLifeLock's acquisition of Avast.


(Alliance News) - The UK Competition & Markets Authority on Friday confirmed it has cleared NortonLifeLock Inc's acquisition of its cybersecurity peer...


(Alliance News) - Stocks in London are seen staging a slight recovery at the end of a difficult week, but the monthly US jobs report due later in the ...