Activists see their takeover possibilities

Article Excerpt

Activist firms often provide the pressure that targeted firms need to consider takeover bids. While those deals can be highly lucrative for activist investors, they can also pay off for other shareholders. Our exclusive Takeover Target Rating system aims to assess the possibility of a takeover. In the case of NortonLifeLock and CoreLogic, activist investors will likely push for takeovers. That increases the possibility of a deal. Regardless, NortonLifeLock’s prospects for long-term gains makes it right for new buying. NORTONLIFELOCK INC. $21 is a buy. The company (Nasdaq symbol NLOK; Consumer sector; Shares o/s: 600.4 million; Market cap: $12.6 billion; Divd. yield: 2.4%; Takeover Target Rating: Medium; www.nortonlifelock.com), due to activist pressure, sold its Enterprise Security business to Broadcom for $10.7 billion in November 2019. The company used the cash to pay investors a $12.00-a-share special dividend. It also increased your regular quarterly dividend by a whopping 66.7%, to $0.125 a share. The new annual rate of $0.50 yields a solid 2.4%. NortonLifeLock is focused on expanding…