Gen Digital to Acquire MoneyLion in a Billion-Dollar Deal

Gen Digital Inc. (GEN) entered a merger agreement on December 10, 2024, to acquire MoneyLion Inc. (ML) in a billion-dollar deal.

Deal Structure:

Under the terms of the agreement, Gen plans to acquire MoneyLion for $82.00 per share in cash at closing. Additionally, MoneyLion shareholders will receive one contingent value right (CVR) per share, allowing for an extra payment of $23.00 in Gen shares if Gen’s stock averages at least $37.50 for 30 consecutive trading days between December 10, 2024, and 24 months after the deal closes, though this payment is not guaranteed.

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