Aug 18 (Reuters) - Asset manager Schroders, which
holds a 6.3% stake in Avast Plc, raised concerns over
the London-listed firm's 6.2 billion pounds ($8.6 billion) deal
to sell itself to U.S. cybersecurity company NortonLifeLock Inc
, The Times newspaper reported.
Sue Noffke, Schroders' head of UK equities, told The Times
the terms of Avast's sale to NortonLifeLock "materially
undervalue" the London-listed group.
Last week, NortonLifeLock agreed to buy its UK rival Avast
for up to $8.6 billion in cash and shares to create a leader in
consumer security software.
($1 = 0.7272 pounds)
(Reporting by Kanishka Singh in Bengaluru
Editing by Chris Reese)