The investor group will acquire all outstanding shares of McAfee common stock for $26 per share in an all-cash deal that values McAfee at about $12-billion on an equity basis
said on Monday a consortium led by U.S. private equity firm Advent International will take the cybersecurity company private in a $14-billion deal.
The company, founded by U.S. technology entrepreneur John McAfee in 1987, was the first to bring to market a commercial antivirus. Intel bought it in 2011, when McAfee himself no longer had any involvement. As part of the transaction, the investor group will acquire all outstanding shares of McAfee common stock for $26 per share in an all-cash deal that values McAfee at about $12-billion on an equity basis.
Shares, of the San Jose, California-based company, which made its market debut last year, were down more than 3 per cent at $25.36 in premarket trading, slightly below the offer price.
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