Security vendor McAfee announced on Monday that it has a deal in place to acquire Secure Computing.
The merger offer stands at US$5.75 per common share in cash, which McAfee said represents a total equity value of about US$413 million.
The deal also includes a cash offer for outstanding shares of Secure Computing preferred stock, and that US$84 million component brings the total value of the proposed acquisition to US$465 million.
Secure Computing, based in San Jose, California, would bring to McAfee a set of products and services designed to help customers protect Web, e-mail and network assets.
Through the acquisition, McAfee said it would be able to offer a complete, single-source, network-security portfolio to a wide range of businesses, from small to global.
The deal is expected to close toward the end of the fourth quarter, McAfee said.
This article was first published as a blog on CNET News.com.
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