McAfee to go private in $14bn takeover by Advent
By Frank Prenesti
Date: Monday 08 Nov 2021
(Sharecast News) - Cyber security firm McAfee on Monday said a consortium led by US private equity firm Advent International would take it private in a deal worth $14bn.
The investor group will buy all outstanding McAfee shares for $26 each in an all-cash deal that values McAfee at about $12bn on an equity basis.
The purchase price represents a premium of 22.6% above McAfee's closing share price of $21.21 on November 4, the last trading day before the deal talks were first revealed in media reports.
In a similar deal in August, US cybersecurity company NortonLifeLock agreed to buy London-listed rival Avast for up to $8.6bn.
The Advent-led consortium also includes private equity firms Permira Advisers LLC, Crosspoint Capital Partners and Canada Pension Plan Investment Board among others.
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