Secure Computing to be acquired by McAfee

Secure Computing to be acquired by McAfee

Security software company McAfee has announced that they are going to acquire Internet security company Secure Computing Corp.

The deal is worth around $465 million and would be conducted in a cash only transaction.

Market analysts say that this deal would give McAfee more tools to enable corporate protect their networks from hackers.

McAfee would be paying $5.75 per share of Secure Computing.

This is a premium of 27 percent over their current prices at the stock exchange.

The two companies added that they aim to complete this deal by the end of the year.