McAfee stock closes up 20% on report of possible acquisition

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Last Updated: Nov. 5, 2021 astatine 4:19 p.m. ET First Published: Nov. 5, 2021 astatine 3:58 p.m. ET

Cybersecurity company’s banal returned to nationalist markets a small much than a twelvemonth ago

McAfee logo connected show astatine the Mobile World Congress successful Barcelona connected Feb. 25, 2019.

Pau Barrena/Agence France-Presse/Getty Images

McAfee Corp. MCFE 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.

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