SCUR (NASDAQ)

[damian4561]

McAfee, Inc. announced the execution of a definitive merger agreement to acquire Secure Computing Corporation 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 .