McAfee Shareholder Sues Over $7.7B Intel Deal

Law360, New York (August 24, 2010, 3:20 PM EDT) -- A McAfee Inc. shareholder has challenged Intel Corp.'s proposed $7.7 billion cash acquisition of the software maker, alleging in a proposed class action that the deal is not a “value-maximizing transaction.”

McAfee stockholder Natalie Gordon says in a suit filed Friday in the Delaware Chancery Court that the process proposed to consummate the merger is “fundamentally unfair” to public shareholders of the company. She accuses McAfee CEO David G. DeWalt and the company's directors of breaching their fiduciary duties.

“The consideration offered to McAfee’s public stockholders...
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