Dougherty & Co Downgrades LifeLock (LOCK) to Sell
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November 21, 2016 12:34 PM EST
Needham & Company downgraded LifeLock (NYSE: LOCK) from Buy to Hold after the company agreed to be acquired.
For an analyst ratings summary and ratings history on LifeLock click here. For more ratings news on LifeLock click here.
Shares of LifeLock closed at $20.75 yesterday.
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November 20, 2016 10:07 PM EST
Symantec Corp. (NASDAQ: SYMC) and LifeLock, Inc. (NYSE: LOCK) today announced that they have entered into a definitive agreement for Symantec to acquire LifeLock for $24 per share or $2.3 billion in enterprise value. The deal, which was approved by the boards of directors of both companies, is expected to close in the first calendar quarter of 2017, subject to customary closing conditions including LifeLock stockholder approval.
In the last year, one third of American citizens and over 650 million people globally were the victims of cybercrime. Consequently, more and more... More
