[August 19, 2010] Intel Acquires McAfee for $48 per Share in Cash, Says Deal is "Slightly Accretive" (INTC, MFE) Tweet Aug 19, 2010 (SmarTrend News Watch via COMTEX) -- Intel (NASDAQ:INTC) has announced that it will acquire PC security firm McAfee (NYSE:MFE) for $48 per share in cash. The deal values McAfee at $7.68 billion and the price is a 60% premium to yesterday's close. Intel President and CEO Paul Otellini said, "With the rapid expansion of growth across a vast array of Internet-connected devices, more and more of the elements of our lives have moved online...The addition of McAfee products and technologies into the Intel computing portfolio brings us incredibly talented people with a track record of delivering security innovations, products and services that the industry and consumers trust to make connecting to the Internet safer and more secure." On an adjusted basis, Intel expects he deal to be slightly accretive in the first year, and improve beyond that. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.TradeTheTrend.com/signup [ Back To TMCnet.com's Homepage ]