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McAfee agrees to acquire Secure

September 23, 2008|From Times Wire Services

Security software company McAfee Inc. agreed to buy Secure Computing Corp. for about $465 million to add products for protecting corporate networks and e-mail systems.

The price of $5.75 a share is 27% more than Secure's closing price Sept. 19, said McAfee, based in Santa Clara, Calif. Secure, based in San Jose, will add more than 22,000 customers in such industries as healthcare, banking and government to McAfee's 100,000-plus clientele.

Shares of McAfee fell $1.60 to $35.71. Secure advanced $1.06 to $5.58.

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