NortonLifeLock to Merge With Avast in Cash and Stock Deal Worth Up to $8.6B

Under terms of the deal, Avast (ticker: AVST.UK) shareholders can choose to receive either $2.37 in cash plus 0.1937 Norton LifeLock shares (NLOK) for each Avast share, or $7.61 a share in cash plus 0.0302 Norton shares. At Tuesday’s closing price for Norton shares, the deal would value Avast at between $7.15 and $8.34 a share. Avast holders will own between 14% and 26% of the combined company, depending on shareholder preference for compensation.