We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of NortonLifeLock Inc. (“NortonLifeLock” or the “Company”) (NASDAQ:NLOK) in connection with the Company’s proposed acquisition by Avast Plc (“Avast”)(LSE: AVST). Under the terms of the agreement, Avast shareholders will be entitled to receive for each Avast share held: $7.61 in cash and 0.0302 of a NortonLifeLock share ("Majority Cash Option"), representing implied per-share merger consideration of approximately $8.34 based upon NortonLifeLock’s August 10, 2021 closing price of $24.15; or as an alternative to the Majority Cash Option, Avast Shareholders (other than those resident in a restricted jurisdiction) may elect to receive for each Avast share held: $2.37 in cash and 0.1937 of a NortonLifeLock share, representing implied per-share merger consideration of approximately $7.05 based upon NortonLifeLock’sAugust 10, 2021 closing price of $24.15. Avast shareholders who do not positively elect to receive the Majority Stock Option will receive the Majority Cash Option. Upon completion of the merger, and subject to the elections made by Avast shareholders, Avast shareholders will own between approximately 14% (if all Avast shareholders, other than the Avast directors who hold Avast shares, receive the Majority Cash Option) and approximately 26% (if all Avast shareholders elect for the Majority Stock Option) of the combined company on a fully diluted basis. The transaction is valued at between approximately $8.1 billion and $8.6 billion, depending on Avast shareholders’ elections.
WeissLaw LLP is investigating whether: (i) NortonLifeLock’s board of director sacted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) whether the deal’s equity split is fair to NortonLifeLock shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at firstname.lastname@example.org
January 12, 2022
We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of CyrusOne Inc. (“CyrusOne” or the “Company”) (NASDAQ:CONE), in connection with the proposed acquisition of the Company by Kohlberg Kravis Roberts & Co. L.P. (“KKR”), a leading global investment firm, and Global Infrastructure Partners (“GIP”). Under the terms of the acquisition agreement, the Company’s shareholders will receive $90.50 in cash for each share of CyrusOne common stock that they hold.
January 12, 2022
We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Falcon Minerals Corporation (“Falcon” or the “Company”) (NASDAQ: FLMN), in connection with the proposed merger of the Company with Desert Peak Minerals (“Desert Peak”). Under the terms of the merger agreement, Desert Peak will become a subsidiary of Falcon’s operating partnership (“OpCo”). The combined company will retain Falcon’s “Up-C” structure, and Desert Peak’s equity holders will receive 235 million shares of Class C common stock, with voting rights in the combined company and a corresponding number of limited partner units representing economic interests in OpCo.
January 11, 2022
We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Comunibanc Corp. (“Comunibanc” or the “Company”)(OTC: CBCZ) in connection with the proposed merger of the Company with Civista Bancshares, Inc. (“Civista”) (NASDAQ: CIVB). Under the terms of the merger agreement, Comunibanc shareholders will receive $30.13 in cash and 1.1888 shares of Civista common stock for each Comunibanc share that they own, representing implied merger consideration of $58.93 based upon Civista’s January 11, 2022 closing price of $24.23.