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Avast To Acquire AVG For $1.3 Billion

Rich Abott By
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Avast To Acquire AVG For $1.3 Billion
iStock Cyber Lock

Avast Software, a leading antivirus cyber software company, has entered into a purchase agreement with AVG Technologies N.V. [AVG] worth about $1.3 billion, the companies saidThursday.Under the agreement, Avast will offer to purchase all of the outstanding ordinary shares of AVG for $25 per share in cash. Avast plans to finance the transactions using cash balances on hand and committed debt financing from third party lenders. Avast has also received a financing commitment of $1.685 billion from Credit Suisse Securities,…

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