McAfee.com has once again rejected it former parent company, Network Associates’ (NAI) unwanted buyout offer, with the backing of 96% of its shareholders.
After the latest unwanted acquisition bid, McAfee.com is searching for a way to prevent further attempts by NAI, to buyout the remaining 25% of McAfee.com it does not own. The implementation of a shareholder rights plan is being considered as a possible move to terminate NAI’s offer.
In March of this year, NAI made its first bid of 0.675 of its share to reacquire McAfee.com, which was rejected a week later by the shareholders of McAfee.com. A week later the increased bid of 0.78 of a share was accepted by McAfee.com, but was eventually dropped after NAI was under a regulatory investigation.
It is no longer an issue of if a deal could be struck, but of the right price. Both companies are in agreement of the long-term benefits they will get by recombining, so a merger seems likely to happen sometime in the near future.