NortonLifeLock Receives Approval from U.K.
Competition and Markets Authority (CMA)
TEMPE,
Ariz., Sept. 2, 2022 /PRNewswire/ --
NortonLifeLock (NASDAQ: NLOK), a global leader in consumer Cyber
Safety, today announced its merger with Avast plc ("Avast" or the
"Company") is now expected to close on September 12, 2022, following the issuance of the
CMA's final report clearing the transaction.
NortonLifeLock's Acquisition of Avast to
Close September 12, 2022
The Merger is proposed to be effected by means of a U.K.
court-sanctioned scheme of arrangement under which Nitro Bidco
Limited, a wholly owned subsidiary of NortonLifeLock, will acquire
the entire issued and to be issued ordinary share capital of Avast,
and remains subject to the terms and additional conditions to
closing set out in the scheme document that was published on
October 28, 2021. This timeline may
be subject to change. To see the additional details regarding the
transaction, visit
https://investor.nortonlifelock.com/Offer-for-Avast.
About NortonLifeLock Inc.
NortonLifeLock Inc. (NASDAQ: NLOK) is a global leader in
consumer Cyber Safety, protecting and empowering people to live
their digital lives safely. We are the consumer's trusted ally in
an increasingly complex and connected world. Learn more about how
we're transforming Cyber Safety at www.nortonlifelock.com.
Forward-Looking Statements
This press release contains certain forward-looking statements.
These forward-looking statements can be identified by the fact that
they do not relate only to historical or current facts.
Forward-looking statements often use words such as "anticipate",
"target", "expect", "estimate", "intend", "plan", "goal",
"believe", "aim", "will", "may", "would", "could" or "should" or
other words of similar meaning or the negative thereof. There are
many factors which could cause actual results to differ materially
from those expressed or implied in forward-looking statements. Such
factors include the possibility that the merger will not be
completed on a timely basis or at all, whether due to the failure
to satisfy the conditions of the merger (including approvals or
clearances from regulatory and other agencies and bodies) or
otherwise. Additional information concerning these and other risk
factors is contained in the Risk Factors sections of
NortonLifeLock's most recent reports on Form 10-K and Form 10-Q,
the contents of which are not incorporated by reference into, nor
do they form part of, this press release. By their nature, these
forward-looking statements involve known and unknown risks, as well
as uncertainties because they relate to events and depend on
circumstances that will occur in the future. No assurance can be
given that such expectations will prove to have been correct and
persons reading this press release are therefore cautioned not to
place undue reliance on these forward-looking statements which
speak only as at the date of this press release. All subsequent
oral or written forward-looking statements attributable to
NortonLifeLock, Avast or any persons acting on their behalf are
expressly qualified in their entirety by the cautionary statement
above. NortonLifeLock does not assume any obligation to update the
forward-looking statements, whether as a result of new information,
future events or otherwise, except to the extent required by
applicable law, regulation or stock exchange rules.
Restricted Jurisdictions
Copies of this announcement and any formal documentation
relating to the merger are not being, and must not be, directly or
indirectly, mailed or otherwise forwarded, distributed or sent in,
into or from any jurisdiction where local laws or regulations may
result in a significant risk of legal or regulatory exposure if
information concerning the merger were made available in that
jurisdiction, or if details regarding any election that may be made
in connection with the merger is or were extended or made available
in that jurisdiction, or where to do so would result in a
requirement to comply with any governmental or other consent or any
registration, filing or other formality which NortonLifeLock or
Avast regards as unduly onerous. Any persons receiving this
announcement, or any such documents (including custodians, nominees
and trustees), must not mail or otherwise forward, distribute or
send them in or into or from any such restricted jurisdiction.
No Offer or Solicitation
The information contained in this press release is for
information purposes only and is not intended to and does not
constitute, or form any part of, an offer to sell or the
solicitation of an offer to subscribe for an invitation to
subscribe for any securities or the solicitation of any vote or
approval in any jurisdiction pursuant to the merger or otherwise,
nor shall there be any sale, issuance, subscription or transfer of
securities in any jurisdiction in contravention of applicable law
or regulation. In particular, this press release is not an offer of
securities for sale in the United
States. No offer of securities shall be made in the United States absent registration under
the Securities Act of 1933, as amended, or pursuant to an exemption
from, or in a transaction not subject to, such registration
requirements. Any securities issued as part of the merger are
anticipated to be issued in reliance upon available exemptions from
such registration requirements pursuant to Section 3(a)(10) of the
Securities Act. The merger will be made solely by means of the
scheme document published by Avast, or (if applicable) pursuant to
an offer document to be published by NortonLifeLock, which (as
applicable) would contain the full terms and conditions of the
merger. Any decision in respect of, or other response to, the
merger, should be made only on the basis of the information
contained in such document(s). If NortonLifeLock ultimately seeks
to implement the merger by way of a takeover offer, that offer will
be made in compliance with applicable US laws and regulations.
CONTACTS
|
Media
Contact
|
Investor
Contact
|
Spring
Harris
NortonLifeLock
Inc.
|
Mary Lai
NortonLifeLock
Inc.
|
Press@NortonLifeLock.com
|
IR@NortonLifeLock.com
|
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SOURCE NortonLifeLock Inc.