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    MCFE   US5790631080

MCAFEE CORP.

(MCFE)
  Report
Delayed Quote. Delayed Nasdaq - 09/20 04:00:00 pm
21.28 USD   -2.43%
09/17INSIDER SELL : Mcafee
MT
09/16MCAFEE : How to Help Seniors Spot Online Job Scams
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09/16MCAFEE : Announces Appointment of Gunther Bright to Board of Directors (Form 8-K)
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

McAfee : Thoma Bravo to take software firm Medallia private for $6.4 bln

07/26/2021 | 08:40am EDT

July 26 (Reuters) - Enterprise software firm Medallia Inc said on Monday private equity firm Thoma Bravo would take the company private for $6.4 billion in cash.

Medallia shareholders will receive $34 per share in cash, a premium of nearly 20% to the stock's close on June 10, the last trading day before media reports that the San-Francisco based company was mulling a potential sale boosted the stock price.

Medallia, the customer survey software provider, that went public over just two years ago, competes with the likes of Survey Monkey and Qualtrics.

Thoma Bravo is one the largest software-focused private equity firms with more than $78 billion in assets under management. Its portfolio companies include information technology services provider SolarWinds Corp and cybersecurity firm McAfee Corp.

Medallia's deal with Thoma Bravo, which is expected to close this year, also includes a 40-day "go-shop" period wherein the company can consider alternative deals.

Blackstone Credit along with some funds managed by Apollo Capital Management and KKR Credit will provide debt financing for the deal.

Morgan Stanley & Co, BoFA Securities and Wells Fargo Securities served as the financial advisers to Medallia.

Medallia shares were up 1.2% in premarket trading. (Reporting by Chavi Mehta in Bengaluru; Editing by Aditya Soni and Shailesh Kuber)


ę Reuters 2021
All news about MCAFEE CORP.
09/17INSIDER SELL : Mcafee
MT
09/16MCAFEE : How to Help Seniors Spot Online Job Scams
PU
09/16MCAFEE : Announces Appointment of Gunther Bright to Board of Directors (Form 8-K..
PU
09/16MCAFEE CORP. : Entry into a Material Definitive Agreement, Change in Directors o..
AQ
09/16MCAFEE : Announces Appointment of Gunther Bright to Board of Directors
BU
09/16McAfee Corp. Announces the Appointment of Gunther Bright to Board of Director..
CI
09/14MCAFEE : Maintains Quarterly Dividend at $0.115 a Share, Payable Oct. 8 to Share..
MT
09/14MCAFEE : Reports Quarterly Dividend for the Third Quarter 2021
BU
09/14McAfee Corp. Declares Cash Dividend for the Third Quarter of 2021, Payable on..
CI
09/13SMARTPHONE SECURITY : Five Steps Beating and Blocking Robocalls
PU
More news
Analyst Recommendations on MCAFEE CORP.
More recommendations
Financials (USD)
Sales 2021 1 859 M - -
Net income 2021 261 M - -
Net Debt 2021 2 397 M - -
P/E ratio 2021 38,3x
Yield 2021 1,88%
Capitalization 3 742 M 3 742 M -
EV / Sales 2021 3,30x
EV / Sales 2022 2,77x
Nbr of Employees 6 916
Free-Float 23,7%
Chart MCAFEE CORP.
Duration : Period :
McAfee Corp. Technical Analysis Chart | MCFE | US5790631080 | MarketScreener
Technical analysis trends MCAFEE CORP.
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Last Close Price 21,28 $
Average target price 30,43 $
Spread / Average Target 43,0%
EPS Revisions
Managers and Directors
Peter A. Leav President, Chief Executive Officer & Director
Venkat Bhamidipati Chief Financial Officer & Executive Vice President
Steve Grobman Chief Technology Officer & Senior Vice President
Mary B. Cranston Independent Director
Timothy Millikin Independent Director
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