McAfee being bought by Intel for $7.68 billion
– THIS DEAL WILL GIVE McAfee SHARES A 60%
PREMIUM. McAfee SHARES WORTH $48.
Intel Corp. (INTC: 26.74 +1.75%)
McAfee Inc (MFE: 0.00 N/A)
Here is an excerpt of the news from Reuters:
By Alexei Oreskovic and Sinead Carew
SAN FRANCISCO/NEW YORK, Aug 19 (Reuters) – Intel Corp (INTC.O) said it would buy security software maker McAfee Inc (MFE.N) for $7.7 billion to capitalize on rising demand from consumers for better protection of their laptops, smartphones and tablets.
Intel will pay $48 per share in cash for McAfee in its biggest acquisition ever. The price represents a 60 percent premium to McAfee’s Wednesday closing price — a level company executives defended as within the range of other large software and security deals.
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