Heading into today, the share market of Avast (AVST.L) sees sharp growth in share prices. Currently, the company reaches a new price mark of GBP 581.28. Comparing last week’s data, it could be noticed that Avast made soar from GBP 495.30 to GBp 581.00. The total market cap now is equal to GBP 6.016 billion. Avast shares were up 14% at 575.20 pence, after soaring as high as 17% earlier in the day, their largest intraday increase since March 2020. This year, the stock has increased 7.1%, valuing the business at around 5.9 billion pounds. Avast’s founders, who also serve on the board of directors, own roughly 35% of the company’s stock.
The board of directors of the cybersecurity software business stated on Wednesday that it is in “advanced negotiations” with Norton about the “possibility of an offer for the whole issued and to be issued share capital of Avast.” According to the firm, this may be done as a cash and stock offer, in compliance with the provisions of the City Code on Takeovers and Mergers.
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