McAfee to Buy Secure Computing
Security software company McAfee(MFE Quote) plans to acquire network security provider Secure Computing (SCUR Quote) for about $465 million.
McAfee plans to buy Secure Computing for $5.75 a common share, and Secure Computing's outstanding preferred shares will be redeemed for cash as part of the transaction. Shares of Secure Computing closed Friday at $4.52. The acquisition is expected to close in the latter part of the fourth quarter.- Loading Comments...
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