The terms of the new offer will see Network Associates offer cash and 0.675 of a share of its common stock for each available common share of McAfee. The offer values McAfee 20% higher than the closing price of its shares on August 12. Industry analysts believe that McAfee shareholders will accept Network Associates’ revised bid.
Network Associates already owns a 75% stake in McAfee. The company wants to acquire the remaining shares in order to aid the development of its consumer and small business products and services.
