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Secure Computing acquired by McAfee for $462 million
By Lisa Kerner
Charlotte, N.C., Nov. 19 - McAfee, Inc. completed its acquisition of Secure Computing Corp. that was first announced in September.
The transaction is valued at a total of approximately $462 million, it was reported in a form 8-K filed with the Securities and Exchange Commission.
McAfee agreed to acquire Secure Computing for $5.75 per share, with Secure Computing's outstanding shares of convertible preferred stock redeemed for cash for an additional $84 million, it was previously reported.
Secure Computing's technologies will be incorporated under McAfee's network security product business unit and will be led by Secure Computing president and chief executive officer Dan Ryan, a prior news release said.
McAfee is a security technology company located in Santa Clara, Calif.
Secure Computing is a San Jose, Calif., provider of enterprise gateway security solutions.
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