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Thursday, March 16, 2017 8:26:48 PM
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http://press.tpg.com/phoenix.zhtml?c=254315&p=irol-newsArticle&ID=2200331
Terms of the Transaction, Financing and Timeline
Under the terms of the agreement, TPG will own 51 percent of a newly-formed cybersecurity company in a multi-step transaction valuing Intel Security at approximately $4.2 billion, based on an equity value of approximately $2.2 billion plus McAfee net debt of approximately $2 billion. The debt initially will be financed by Intel until completion of audited financial statements for McAfee (expected within three to five months of close). The transaction is expected to close in the second quarter of 2017, subject to certain regulatory approvals and customary closing conditions.
Hmmmmm.... 2017 Q2. I wonder what other company TPG might be working on in 2017! Ahhhh.... the possibilities are simply amazing!
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