A Wall Street Win for McAfee
Investors liked the McAfee sale news. By midday on March 8, the day the McAfee and STG announced the deal, the company’s stock price had risen more than 13%. The price fluctuated amid trading activity, of course. However, the amount was the highest McAfee has seen in the last few months since once again going public. (The IPO in October raised more than $700 million.) McAfee took a decade-long hiatus from Wall Street prior to that.