UK antitrust bark is worse than bite in cyber deal [Reuters]
NortonLifeLock Inc. (NLOK)
Last nortonlifelock inc. earnings: 2/6 04:15 pm
Check Earnings Report
Company Research
Source: Reuters
Yet a UK cyber deal shows they can also be an opportunity for bold investors. In March, the UK's Competition and Markets Authority launched a deeper so-called phase 2 investigation into U.S. cyber company NortonLifeLock's (NLOK.O) up to 6.2 billion pound takeover of UK peer Avast (AVST.L) , sending the target's shares down sharply. Yet on Wednesday, the antitrust watchdog backtracked , and provisionally approved the deal. Avast's shares jumped 42% back to the offer price. A phase 2 investigation usually implies there's some evidence a merger could harm competition. In Avast's case, rival Microsoft's (MSFT.O) new product launch in June may have helped convince the regulator that the deal wouldn't lessen market competition too much. But Microsoft's growing strength in cyber security is hardly new, and the CMA's initial report in March on the deal downplayed the U.S. tech giant's threat. M&A bankers and lawyers may see the episode as evidence that the CMA is increasingly willing to l
Show less
Read more
Impact Snapshot
Event Time:
NLOK
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
NLOK alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
NLOK alerts
High impacting NortonLifeLock Inc. news events
Weekly update
A roundup of the hottest topics