Security specialist McAfee on Monday in the US announced that it had a deal in place to acquire Secure Computing.
The merger offer is pegged at US$5.75 per common share in cash, which McAfee says represents a total equity value of about US$413 million. The deal also includes a cash offer for outstanding shares of Secure Computing preferred stock, and that US$84 million component brings the total value of the proposed acquisition to US$465 million.
California-based Secure Computing would bring to McAfee a set of products and services designed to help customers protect web, email, and network assets. With the acquisition, McAfee said it would be able to offer a complete, single-source network security portfolio to a wide range of businesses, from small to global.
The deal was expected to close toward the end of the fourth quarter, McAfee said.
