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.

Join the newsletter!

Or
Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags securitybusiness issuesintelsoftwaremcafeecorporate issuesacquisitionsmergersIntel acquiring McAfee

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

Ellen Messmer

Network World
Show Comments

Essentials

Mobile

Sansai 6-Outlet Power Board + 4-Port USB Charging Station

Learn more >

Victorinox Werks Professional Executive 17 Laptop Case

Learn more >

Exec

Budget

Back To Business Guide

Click for more ›

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?