Why NortonLifeLock Stock Plummeted Today

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. 

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Source Fool.com