Cases
Lifelock Inc. (NYSE: LOCK)
Merger
Overview
Overview
- Date:
- 12/28/2016
- Company Name:
- Lifelock Inc.
- Stock Symbol:
- LOCK
- Company Name - Buyer:
- Symantec Corp.
- Stock Symbol - Buyer:
- SYMC
- Class Period:
- FROM 12/16/2016
- Status:
- Closed/Complete
- Merger Announcement Date:
- 11/11/2016
- Court:
- U.S. District Court: Arizona
NEW YORK, December 28, 2016 – Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the United States District Court for the Arizona District Court on behalf of all persons or entities who held Lifelock Inc. (NYSE: LOCK) securities on December 16, 2016 (the “Class Period”).
On November 11, 2016, the two parties announced the signing of a definitive merger agreement pursuant to which Symantec Corp. will acquire Lifelock Inc. in a merger in a deal worth $2.3 billion. As a result of the merger, Lifelock shareholders are only anticipated to receive $24 in cash for each share of Lifelock common stock.
The complaint alleges that the company failed to conduct a fair sales process and failed to disclose all material information regarding the sale of the company.
If you held Lifelock securities during the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
On November 11, 2016, the two parties announced the signing of a definitive merger agreement pursuant to which Symantec Corp. will acquire Lifelock Inc. in a merger in a deal worth $2.3 billion. As a result of the merger, Lifelock shareholders are only anticipated to receive $24 in cash for each share of Lifelock common stock.
The complaint alleges that the company failed to conduct a fair sales process and failed to disclose all material information regarding the sale of the company.
If you held Lifelock securities during the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.