Dec 10, 9:40 PM ET
Gen Digital agrees to acquire MoneyLion for $82.00 cash plus one CVR per share
On December 10, 2024, Gen Digital entered into a merger agreement with MoneyLion, under which a Gen Digital subsidiary will merge with MoneyLion and MoneyLion will survive as a wholly owned subsidiary of Gen Digital. Each outstanding MoneyLion Class A share will be converted into $82.00 in cash and one contingent value right (CVR) issued by Gen Digital. Closing depends on conditions including a majority stockholder vote at MoneyLion, expiration of Hart-Scott-Rodino waiting periods, and certain governmental approvals, and the deal can be terminated if not completed by September 10, 2025, subject to extension.
- Cash consideration of $82.00 per MoneyLion Class A share plus one CVR issued by Gen Digital
- Merger agreement includes a 45-day go-shop period permitting MoneyLion to solicit alternative acquisition proposals
- Termination Date is September 10, 2025, automatically extended to December 10, 2025 if certain regulatory approvals remain unsatisfied
- Closing requires adoption by holders of a majority of MoneyLion voting power and expiration of Hart-Scott-Rodino waiting periods