TwinTrader.com announces the publication of ‘McAfee Announces Purchase of Secure Computing for $465 Million’
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McAfee Announces Purchase of Secure Computing for $465 Million
”McAfee Inc. (MFE) announced Monday it intends to buy network security company Secure Computing Corp. (SCUR) in an all cash deal valued at $465 million. By purchasing Secure Computing, the Santa Clara-based McAfee, the second-largest maker of security software, plans to expand its product line to include protection of corporate networks and e-mail systems, Bloomberg News reported...
”Management of McAfee said the company offered $5.75 per common share for Secure Computing. At the close Monday, shares of Secure Computing traded at $5.58 per share...
”Additionally, outstanding shares of Secure Computing’s preferred stock will be liquidated for cash, which represents approximately $84 million. Including the redemption of preferred stock and net cash held by Secure Computing, the total purchase is worth approximately $465 million…”
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