Intel-McAfee deal could spark shareholder lawsuits

Wayne, Pa.-based Ryan & Maniskas, LLP says it is investigating potential claims against the board of directors at McAfee regarding the proposed deal

Shareholder lawsuits may be looming over the proposed Intel acquisition of McAfee, with at least two law firms signaling they are looking into whether McAfee's board of directors acted in the best interests of shareholders in approving the deal.

Wayne, Pa.-based Ryan & Maniskas, LLP says it is investigating potential claims against the board of directors at McAfee regarding the proposed deal, and Dallas-based Kendall Law Group also says it is seeking to determine whether McAfee and its board "breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders."

Intel drawn to vibrant security software market  

In its public statement, Kendall notes the agreement indicates that McAfee shareholders will receive $48 per share, though it suggests that at least one analyst has set a price target of $50 per share.

Representatives of Ryan & Maniskas and Kendall Law Group were not immediately available for comment.

The deal is expected to close after McAfee shareholder approval and regulatory clearances. Intel said the acquisition will have on a GAAP basis a slightly dilutive effect on its earnings in the first year of operations and a flat effect in the second year.

Read more about wide area network in Network World's Wide Area Network section.

Tags business issuescorporate issuesmcafeesecurityIntel acquiring McAfeesoftwareacquisitionsintelmergers

Recommended

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Ellen Messmer

Network World

Comments

Comments are now closed.

Most Popular Reviews

Follow Us

Best Deals on GoodGearGuide

Shopping.com

Latest News Articles

Resources

GGG Evaluation Team

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Steph Mundell

LIFEBOOK UH574

The Fujitsu LifeBook UH574 allowed for great mobility without being obnoxiously heavy or clunky. Its twelve hours of battery life did not disappoint.

Andrew Mitsi

STYLISTIC Q702

The screen was particularly good. It is bright and visible from most angles, however heat is an issue, particularly around the Windows button on the front, and on the back where the battery housing is located.

Simon Harriott

STYLISTIC Q702

My first impression after unboxing the Q702 is that it is a nice looking unit. Styling is somewhat minimalist but very effective. The tablet part, once detached, has a nice weight, and no buttons or switches are located in awkward or intrusive positions.

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?