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California based company McAfee has made a deal to acquire ‘Secure Computing’ for an amount of $465 million in cash. This deal will put them ahead of Symantec inc in terms of enterprise network security. McAfee will be paying $5.75 per share OR $413 million for the publicly traded company. The preferred stocks of Secure Computing will be traded in for $84 million in additional cash. The total deal is worth $465 million.
Secure Computing will be helping McAfee in the sector of corporate defence against malware. Currently Secure Computing contains 22,000 customers in 106 countries.