Reuters logo
UPDATE 1-McAfee offers to buy Finland's Stonesoft for $389 mln
May 6, 2013 / 6:56 AM / 4 years ago

UPDATE 1-McAfee offers to buy Finland's Stonesoft for $389 mln

(Recasts with McAfee’s offer price)

HELSINKI, May 6 (Reuters) - Intel Corp’s security software division McAfee said it plans to buy Finland’s network firewall maker Stonesoft Oyj for around $389 million in cash, a 128 percent premium to the company’s stock market value at Friday’s close.

The move comes as a slump in the PC industry hurts security software sales. Microsoft Corp’s Windows 8, launched in late October, was bundled with free anti-virus software - another blow for the industry.

The tender offer for Stonesoft shares was 4.50 euros per share, compared with their closing price on Friday of 1.97 euros. ($1 = 0.7624 euros) (Reporting by Ritsuko Ando; Editing by David Holmes)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below