Intel buys McAfee
Source: Agencies |
August 20, 2010, Friday
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Print Edition
Print Edition
CHIP maker Intel Corp is buying computer-security software maker McAfee Inc for US$7.68 billion, or US$48 per share.
The per-share price represents a 60 percent premium over McAfee's Wednesday close of US$29.93. Intel yesterday said the deal will hurt earnings slightly in the first year the companies are combined. Excluding costs and other one-time items related to the acquisition, Intel predicts the deal will slightly boost earnings next year and improve after that.
The per-share price represents a 60 percent premium over McAfee's Wednesday close of US$29.93. Intel yesterday said the deal will hurt earnings slightly in the first year the companies are combined. Excluding costs and other one-time items related to the acquisition, Intel predicts the deal will slightly boost earnings next year and improve after that.
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