McAfee to pay $465 million for Secure Computing

Computer security company McAfee Inc plans to buy Secure Computing Corp for $465 million, adding specialized equipment that keeps hackers from breaking into computer networks.

The move, McAfee's biggest acquisition to date, helps the No. 2 computer security company expand the bundle of products it can sell to businesses. The deal also boosts the number of companies that use its products.

The Santa Clara, California-based company said on Monday it will pay $5.75 per share of Secure Computing's common stock, representing a 27 percent premium to the San Jose, California, company's closing price of $4.52 on Friday. Secure Computing shares rose 23 percent to $5.56 on Nasdaq, while McAfee shares fell 1.7 percent to $36.68 in morning trading on the New York Stock Exchange.