European Event-Driven Analyst

Jesus Rodriguez Aguilar

Jesús is an Insight Provider (Event-driven) on the Smartkarma network, where he looks across sectors at opportunities arising from securities mispricing (both credit and equity), share classes, bid announcements, prospective bids, and special situations. He has served as Economic and Business Advisor at the Spanish Congress in Madrid. Prior to that, he has worked in the City of London: as a Credit Analyst at Bloomberg; Event-driven associate at former boutique European Research; and doubled as Special Situations and Equity-linked VP (convertible bonds) at Merrill Lynch. Jesús has an MBA from the London Business School, a BA (Hons.) degree in Economics from the Complutense University in Madrid, and a BA (Hons.) in Law from U.N.E.D., also in Madrid.

NortonLifeLock/Avast: Deal Progress & Spreads

NortonLifeLock/Avast: Merger Terms and Spread

NortonLifeLock/Avast: CMA In-Depth Investigation, Spread

Event-Driven

<ul>
<li>British competition regulator surprises by provisionally approving the acquisition of Avast by NortonLifeLock; Avast's share price reacted by increasing by 43%. Now the deal will complete.</li>
<li>If the planned procedures are fulfilled, the purchase of Avast would become effective on 12 September. The Majority cash option should be preferred vs. the majority stock option.</li>
<li>The spread on the majority cash option is 0.87% (tightened from 43.7% prior to the CMA announcement), with a 6.3% estimated annual return.</li>
</ul>


British competition regulator surprises by provisionally approving the acquisition of Avast by NortonLifeLock; Avast's share price reacted by increasing by 43%. Now the deal will complete.
If the planned procedures are fulfilled, the purchase of Avast would become effective on 12 September. The Majority cash option should be preferred vs. the majority stock option.
The spread on the majority cash option is 0.87% (tightened from 43.7% prior to the CMA announcement), with a 6.3% estimated annual return.


NortonLifeLock/​Avast: CMA Announces Provisional Clearance

Avast PLC

NortonLifeLock/Avast: CMA Announces Provisional Clearance

Avast PLC

NortonLifeLock/​Avast: CMA Announces Provisional Clearance

NortonLifeLock/Avast: CMA Announces Provisional Clearance