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Posts Tagged ‘Secure Computing Corporation’

McAfee, Inc. Agrees to Acquire Secure Computing

By Optrics on Tuesday, September 23rd, 2008 | No Comments

Pending Acquisition Expected to Create One of the Largest Network Security Vendors, Offering the Most Complete Network Security Solution to Businesses of All Sizes

McAfee, Inc. (NYSE: MFE) today announced the execution of a definitive merger agreement to acquire Secure Computing Corporation (NASDAQ:SCUR) for $5.75 per common share in cash, without interest, representing an equity value for Secure Computing’s common stock of approximately $413 million in the aggregate. In addition, Secure Computing’s outstanding shares of preferred stock will also be redeemed for cash as part of the proposed transaction, which would represent approximately, calculated as of today’s date, an additional $84 million. In total, net of cash held by Secure, the proposed transaction would be valued at approximately $465 million.

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Secure Computing to Acquire Securify

By Optrics on Wednesday, September 3rd, 2008 | No Comments

Innovative User-Access Monitoring and Control Solution Combined With Secure Firewall Positions Company to Drive Next-Generation Firewall Market

SAN JOSE, CA, Sep 03, 2008 (MARKET WIRE via COMTEX News Network) — Secure Computing Corporation (NASDAQ: SCUR), a leading enterprise gateway security company, today announced it has signed a definitive agreement to acquire [tag]Securify[/tag], a provider of identity-based monitoring solutions, for approximately $15 million plus an earn-out of up to $5 million. The purchase price is payable in cash or, at [tag]Secure Computing[/tag]‘s election, partially in shares of Secure Computing common stock. The acquisition is expected to close in the fourth calendar quarter of 2008, subject to certain closing conditions.

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