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Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of McAfee, Inc.

^{Published on 2010-08-19 17:40:44 - Market Wire}
 

BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of McAfee, Inc. (aMcAfeea or the aCompanya) (NYSE:MFE) related to the Companya™s agreement to be acquired by Intel Corporation (aIntela). The proposed all-cash transaction is valued at approximately $7.68 billion.

Under the terms of the definitive agreement entered into by the parties, Intel will purchase all of the shares of McAfee common stock for $48.00 per share in cash. The board of directors of McAfee has unanimously approved the transaction. After completion of the proposed transaction, McAfee will operate as a wholly owned subsidiary of Intel, reporting into Intela™s Software and Services Group. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the proposed transaction by McAfeea™s board of directors.

If you own shares of McAfee, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to [ howardsmith@howardsmithlaw.com ], or visit our website at [ http://www.howardsmithlaw.com ].