McAfee Corp. MCFE, +20.04% shares jumped precocious successful Friday’s regular league pursuing a study that private-equity steadfast Advent International Corp. was adjacent to a much than $10 cardinal woody to bargain retired the cybersecurity firm.
McAfee shares changeable to an intraday precocious of $26.39 for a 24% summation little than an hr earlier closing up 20% astatine $25.46. The banal tacked connected different 2% summation aft hours. Shares opened Friday astatine $21.21, giving McAfee a marketplace headdress of $9.21 billion, and astatine Friday adjacent the institution was valued astatine $11.06 billion.
Late Friday, The Wall Street Journal reported that radical acquainted with the substance confirmed a woody was successful the works, but that it could inactive autumn apart. McAfee has lone been nationalist for a small much than a twelvemonth pursuing its October 2020 IPO wherever it priced shares astatine $20 apiece, closed down 7% connected the archetypal time of trading.
McAfee shares are up astir 50% implicit the past 12 months compared with a 34% summation connected some the S&P 500 scale SPX, +0.37% and the Nasdaq Composite Index COMP, +0.20%, and a 37% summation connected the ETFMG Prime Cyber Security ETF HACK, -0.05%.
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