Santa Clara, Calif.-based McAfee will pay $5.75 a share, or $413 million, for Secure Computing, a publicly traded company (SCUR). Secure Computing’s preferred stock would also be redeemed for $84 million in additional cash. Net of cash held by secure, the deal is worth $465 million.
Secure already has more than 22,000 customers in 106 countries. Secure is a provider of network security, helping to fill out McAfee’s product line for corporate defense against malware. McAfee’s suite of security protections will now cover the gamut of security for businesses, from firewalls to email security. The deal is subject to regulatory and shareholder approval. It is expected to close in the fourth quarter.