McAfee.com to reject acquisition
McAfee.com has told its shareholders to reject the second offer made by Network Associates to buy the remaining 25 percent of McAfee.com that it does not already own, according to a report on c|net. Network Associates offered to acquire the antivirus company for 0.90 of a share of Network Associates common stock (about US$137.7 million), which is a 15.5 percent increase over the previous offer of 0.78 per share of its company.
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