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MCAFEE MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF MCAFEE CORP. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – MCFE
November 8, 2021.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of McAfee Corp. (NASDAQ: MCFE) to an investor group led by Advent International Corporation, Permira Advisers LLC, Crosspoint Capital Partners, Canada Pension Plan Investment Board, GIC Private Limited, and a wholly owned subsidiary of the Abu Dhabi Investment Authority (collectively, “the Investor Group”) is fair to McAfee shareholders. Under the terms of the merger, the Investor Group will acquire all outstanding shares of McAfee common stock for $26.00 per share in cash.
The investigation concerns whether McAfee and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for McAfee shareholders; (2) determine whether the Investor Group is underpaying for McAfee; and (3) disclose all material information necessary for McAfee shareholders to adequately assess and value the merger consideration. On behalf of McAfee shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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