McAfee Intel Merger
On August 19, 2010 Intel (Nasdaq: INTC) acquired McAfee (NYSE: MFE) for $48 per share, or approximately $7.68 billion.
The acquisition came at a 60 percent premium to the prior day's closing price.
On a GAAP basis, Intel expects the combination to be slightly dilutive to earnings in the first year of operations and approximately flat in the second year. On a non-GAAP basis, excluding a one-time write down of deferred revenue when the transaction closes and amortization of acquired intangibles, Intel expects the combination to be slightly accretive in the first year and improve beyond that.
Intel was advised by Goldman Sachs & Co. and Morrison & Foerster LLP. McAfee was advised by Morgan Stanley & Co. Inc. and Wilson Sonsini Goodrich & Rosati, P.C.
The merger is expected to close after McAfee shareholder approval, regulatory clearances and other customary conditions specified in the agreement.
View Older Stories View More Recent Stories
-
Zentera Systems to Showcase Networking and Security for Multicloud Ecosystems at Intel Security FOCUS 16 Conference
-
Tenable Network Security Acquires Container Security Company FlawCheck
-
McAfee Labs: Liquidity Trumps Longevity in Market for Stolen Medical Records
-
Interset to Demo First DXL-enabled Security Analytics for Risk-Based Threat Detection at Intel Focus Security Conference
-
Which Projects Is Intel (INTC) Ramping Spending On And Why? - Nomura
-
Cylance Researcher to Discuss Hacking Elections at the Institute for Critical Infrastructure Technology
-
NSS Labs Announces Next Generation Intrusion Prevention Systems Test Results
-
FBN Securities Starts Symantec (SYMC) at Outperform
-
Niara's User Behavior Analytics Solution Certified to Interoperate With McAfee Enterprise Security Manager
-
Intel Security’s New Consumer Security Lineup Extends Use of the Cloud to Protect Against Emerging Threats
-
Avast not done with deal-making after AVG buy, but no rush
-
Sqrrl and Wipro Partner to Deliver Threat Hunting Platform
-
Amy Schumer is No. 1 on the 2016 McAfee Most Dangerous Celebrities™ List
-
InformationWeek Reveals Top 125 Vendors Taking the Technology Industry by Storm
-
McAfee's MGT sinks 21 percent after NYSE refuses share listing
-
Canaccord Genuity Raises Price Target on Intel (INTC) After Meeting with Management
-
John McAfee's MGT receives SEC subpoena, shares slump
-
Intel (INTC) Raises Q3 Revenue Outlook
-
Intel Raises Third-Quarter Revenue Expectations
-
McAfee Labs Report ‘Follows the Money’ to Assess Criminal Operations Behind Hospital Ransomware
-
HPE Aruba Introduces Developer-Ready Mobile First Platform to Unlock the Potential of Modern IT Infrastructures
-
Top 10 News for 9/6 - 9/9: Mergers Aplenty; Apple Debuts Jackless iPhone 7; Wells Fargo Fined Over Faked Accounts
-
Notable Mergers and Acquisitions 9/8: (HPE) (LMCA) (APIC) (INTC)
-
Intel to spin out security unit, sell stake in business to TPG
-
Intel (INTC), TPG to Form Cybersecurity Joint Venture; TPG to Own Majority of McAfee
-
Intel and TPG to Collaborate to Establish McAfee as Leading Independent Cybersecurity Company Valued at $4.2 Billion
-
MGT Capital Investments (MGT) Gains on McAfee Sale Report
-
Intel (INTC) said to near sale of McAfee unit to TPG - DJ
-
MGT Capital Investments (MGT) Files Complaint Against Intel (INTC)
-
MGT Files Complaint in U.S. District Court for Declaratory Judgment Against Intel Corporation
-
MGT Files Complaint in U.S. District Court for Declaratory Judgment Against Intel Corporation
-
TPG Said to Weigh Buyout Offer Valuing Intel's (INTC) McAfee at $3B - Bloomberg
-
Patelco Selects Spirion to Manage Sensitive Data
-
Comstor Security Initiative Gives Cisco Solution Providers Competitive Edge in Fast-Growing Cybersecurity Market
-
Avecto Integrates with Intel Security Solutions to Promote Endpoint Security
-
CompuCom Launches Cloud-Based Managed Service Powered by Intel Security
-
Needham & Company Starts Proofpoint (PFPT) at Buy
-
Lumeta ESI Now Integrated with McAfee ePolicy Orchestrator
-
Global Study Reveals Businesses and Countries Vulnerable Due to Shortage of Cybersecurity Talent
-
SentinelOne Establishes $1 Million Cyber Threat Protection Guarantee Giving First-Ever Industry Assurance Against Growing Threats
-
Automation and Orchestration Firm Ayehu Moves Headquarters to Silicon Valley
-
Ken Sidelinger Joins HighRadius as General Counsel
-
UPDATE: Intel's (INTC) McAfee Said to Draw Interest from Thoma, Permira, Vista - Bloomberg
-
Intel Security Innovation Alliance Continues to Expand Partner Ecosystem
-
Symantec (SYMC) Names New COO; Says Blue Coat Acquisition Closed
-
Symantec Announces Appointment of Michael Fey as President and Chief Operating Officer Upon Closing of Blue Coat Acquisition
-
NSS Labs Publishes Data Center Intrusion Prevention System Test
-
Office Depot, Inc. Helps Students, Parents and Teachers Gear up for School with Great Gear at Great Prices
-
GSMA Reports Record Attendance for Mobile World Congress Shanghai 2016
-
E8 Security Joins Intel Security Innovation Alliance
