Computer security giant NortonLifeLock Inc. (NLOK) announced the expiration of the waiting period under the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976 in connection with its recommended merger with Avast plc. The waiting period expired on November 12, 2021.
The merger is proposed to be effected by means of a U.K. court-sanctioned scheme of arrangement, and remains subject to the terms and additional conditions to closing set out in the scheme document that was published on October 28, 2021. The merger is expected to be completed in mid-2022.
In August 2021, NortonLifeLock agreed to buy rival Avast Software B.V. in about $8 billion deal. Under the terms of the deal, Avast shareholders will receive a combination of cash and newly issued shares in NortonLifeLock.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.