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Why NortonLifeLock Stock Plummeted Today

TheMotleyFool

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Why NortonLifeLock Stock Plummeted TodayPhoto, wide shot, wide-angle lens, Cloud computing provider, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/893880f6-c6d9-4518-b1a0-f0be05207ac4.png

Shares of NortonLifeLock (NASDAQ: NLOK) fell hard today after U.K. regulators said they were investigating the company's proposed merger with rival cybersecurity company Avast.

The tech stock was down by 13% at the end of the trading day.

NortonLifeLock proposed the purchase of Avast back in August (a cash and stock deal worth $8.6 billion) and was expected to close on it on April 4.

Source Fool.com

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