NLOK - NortonLifeLock gains on speculation may be potential McAfee target

NortonLifeLock (NLOK) rose 3.1% after a report that McAfee (MCFE), which today announced it would sell its enterprise business for $4b, may see NLOK as a potential acquisition target. McAfee gained 9.9%.McAfee will now be a pure play cybersecurity firm and Dealreporter speculates that McAfee may now go after NortonLifeLock, which has long been rumored to a be a potential combination.A potential deal between the two companies may see antitrust scrutiny, the report said. Activist Starboard holds seats on NLOK's board.Recall December 2019, McAfee weighs combination with NortonLifeLock.

For further details see:

NortonLifeLock gains on speculation may be potential McAfee target