McAfee completes acquisition of Secure Computing
McAfee announced that it has completed the acquisition of Secure Computing Corporation for $5.75 per common share in cash, representing an equity value for Secure Computing’s common stock of approximately $418 million in the aggregate. In addition, Secure Computing’s outstanding shares of preferred stock were redeemed for an aggregate of approximately $85 million in cash. In total, net of cash held by Secure Computing, the transaction is valued at approximately $462 million.
As previously announced, Dan Ryan, president and chief executive officer of Secure Computing, will lead McAfee’s Network Security product business unit and will report directly to Dave DeWalt, chief executive officer and president.