McAfee to acquire Secure Computing

McAfee, Inc. announced the execution of a definitive merger agreement to acquire Secure Computing Corporation 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. In addition, Secure Computing’s outstanding shares of preferred stock will also be redeemed for cash as part of the proposed transaction, which would represent approximately, calculated as of today’s date, an additional $84 million. In total, net of cash held by Secure, the proposed transaction would be valued at approximately $465 million.

Through the pending acquisition of Secure Computing, McAfee expects to take another step toward its goal of strengthening its leadership position in security risk management (SRM).

Secure Computing delivers a comprehensive set of solutions that help customers protect their critical Web, email and network assets. With the pending addition of Secure Computing’s products and services, McAfee expects to be able to deliver the industry’s most complete network security portfolio (covering intrusion prevention, firewall, Web security, email security and data protection, network access control), from small and mid to the world’s largest organizations.


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