Network Associates has said that it will again raise its bid for the 25% stake in McAfee.com it does not already own. The company’s new offer is a combination of both cash and stock. McAfee’s board are to review Network Associates’ new offer and it is understood that a decision to accept or reject the bid will be made before September 13.
The terms of the new offer will see Network Associates offer cash and 0.675 of a share of its common stock for each available common share of McAfee. The offer values McAfee 20% higher than the closing price of its shares on August 12. Industry analysts believe that McAfee shareholders will accept Network Associates’ revised bid.
Network Associates already owns a 75% stake in McAfee. The company wants to acquire the remaining shares in order to aid the development of its consumer and small business products and services.