Avast PLC - Prague-based cybersecurity firm - Declares interim dividend of 4.8 cents per share, conditional on its takeover by NortonLifeLock Inc not completing before August 11. Says under the merger agreement, Avast is allowed to pay this interim dividend if the takeover has not become effective before August 11 without resulting in any downward adjustment to the value of NortonLifeLock's offer.
Back in March, the UK Competition & Markets Authority said it would refer the deal to a phase two probe. Tempe, Arizona-based NortonLifeLock had agreed back in August 2021 to buy Avast in a cash-and-shares deal worth USD8.6 billion at the time. Due to the regulatory impasse, the companies now expect the acquisition to complete in "mid-to-late 2022".
Current stock price: 504.60 pence, down 0.2% in London on Thursday
12-month change: up 0.1%
By Lucy Heming; lucyheming@alliancenews.com
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