An elaborated article on the sudden decline of shares in Avast Software, Inc. (AVST)
Avast Software, Inc. (AVST) is a global software company that develops and markets antivirus, anti-spyware, and anti-theft software.
The company has a market capitalization of $2.8 billion and employs more than 8,000 people.
On July 26, 2018, the company announced that it had agreed to be acquired by Intel Corporation (INTC) for $12.7 billion.
The deal was subject to customary closing conditions, including the receipt of regulatory approvals. The completion of the acquisition is expected in the second half of calendar year 2018.
Following the announcement of the acquisition, the stock of Avast Software began to decline. On July 27, the stock fell by 9.7% to $31.92 per share. On July 28, the stock fell by another 8.9% to $29.
01 per share. On July 29, the stock fell by an additional 7.8% to $26.85 per share.
The decline in the stock price may be attributed to a number of factors. First, the acquisition is a major deal and may be subject to significant regulatory delays. Second, the stock price may be lower than the price that was offered by Intel Corporation. Third, the company’s revenue and earnings may be lower than expected.
Fourth, the stock price may be lower than the stock price of other software companies. Fifth, the company’s debt may be more than expected. Sixth, the company’s stock price may be lower than the stock price of other software companies that are not subject to a major acquisition.
The decline in the stock price may be temporary or it may continue for longer periods of time. The company’s earnings may be higher than expected, and the stock price may rebound. The company’s debt may be lower than expected, and the stock price may rebound.
The company’s revenue and earnings may be lower than expected, and the stock price may rebound. There is no certainty that the stock price will rebound, and the stock price may continue to decline.
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