McAfee stock closes up 20% on report it may be subject of takeover

McAfee Corp. MCFE shares jumped late in Friday’s common session following a report that private-equity agency Introduction Worldwide Corp. was near a greater than $10 billion deal to purchase out the cybersecurity agency.

McAfee shares shot to an intraday excessive of $26.39 for a 24% achieve lower than an hour earlier than closing up 20% at $25.46. The inventory tacked on one other 2% achieve after hours. Shares opened Friday at $21.21, giving McAfee a market cap of $9.21 billion, and at Friday shut the corporate was valued at $11.06 billion.

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