McAfee (MFE) acquired by Intel (INTC) for $48 a share

McAfee (MFE) acquired by Intel (INTC) for $48 a share or $7.68 billion. (August 19, 2010)

    

Great trade : SYMC

Intel said Thursday that it will pay about $7.7 billion in cash to buy SYMC's competitor, security-software firm McAfee (MFE). McAfee's shares surged 58% in pre-market trading to $47.38 while SYMC was also boosted by the news, rising 13% pre-market.