McAfee to Buy Secure Computing - TheStreet

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.