McAfee to buy Secure Computing in $465M deal
Security software maker McAfee Inc. said it agreed to buy network security company Secure Computing Corp. in a deal valued at $465 million.
By Agencies |
SANTA CLARA: Security software maker McAfee Inc. said on Monday it agreed to buy network security company Secure Computing Corp. in a deal valued at $465 million.
Santa Clara, California-based McAfee said it will pay $5.75 per share in cash, or about $413 million. That represents a 27 percent premium over Secure's Friday closing stock price.
San Jose, California-based Secure's preferred stocks will also be redeemed for cash, adding another $84 million to the value of the deal.
McAfee said the acquisition will strengthen its position in security risk management. The deal is expected to close in the fourth quarter.
Santa Clara, California-based McAfee said it will pay $5.75 per share in cash, or about $413 million. That represents a 27 percent premium over Secure's Friday closing stock price.
San Jose, California-based Secure's preferred stocks will also be redeemed for cash, adding another $84 million to the value of the deal.
McAfee said the acquisition will strengthen its position in security risk management. The deal is expected to close in the fourth quarter.
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