Fenwick & West represented Symantec Corporation (NASDAQ: SYMC) in its proposed acquisition of LifeLock, Inc. (NYSE: LOCK), a leading provider of proactive identity theft protection services, for $24 per share or $2.3 billion in enterprise value. The deal 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.
The acquisition brings together the #1 leader in consumer security with a leading provider of identity protection and remediation services. More information about Symantec’s acquisition of LifeLock can be obtained from the company press release.
The Fenwick transaction team included corporate lawyers Doug Cogen, David Michaels, Bill Hughes, Bomi Lee, Michael Duignan, Cynthia Kaneshiro and Victoria Wong; executive compensation and employee benefits lawyers Scott Spector, Patrick Grilli and Alex Galev; intellectual property lawyers Stephen Gillespie, Brian Hoffman, Chris Joslyn and Jung Yoo; litigation lawyers Jed Wakefield, Felix Lee, Dan McCoy, Tyler Newby, Hanley Chew and Jennifer Wiegley; antitrust lawyer Mark Ostrau; and tax lawyers Will Skinner and Julia Ushakova-Stein.