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MCFE - McAfee stock declines 3% on 20M public offering
McAfee Corp.
McAfee (NASDAQ:MCFE) commences an underwritten public offering of 20M shares of its Class A common stock by certain selling stockholders. Underwriters will have a 30-day option to purchase up to an additional 3M shares. Company will not receive any proceeds from the offering. Stock declines 3% during after market hours.