Software

McAfee to Buy Secure Computing

 

Security software company McAfee(MFE) plans to acquire network security provider Secure Computing (SCUR) 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.

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