McAfee (MFE) To Acquire Secure Computing (SCUR) for $5.75/Share
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McAfee, Inc. (NYSE: MFE) announced the execution of a definitive merger agreement to acquire Secure Computing Corporation (Nasdaq: SCUR) for $5.75 per common share in cash, without interest, representing an equity value for Secure Computing's common stock of approximately $413 million in the aggregate.
Secure Computing closed at $4.52 per share on Friday.
The proposed acquisition is subject to regulatory approvals and Secure Computing stockholder approval, and is expected to close in the latter part of the fourth quarter of 2008. McAfee anticipates that following the closing, Secure Computing's technologies will be incorporated under McAfee's Network Security product business unit, headed by Dan Ryan.
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