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...Mark Floyd has joined IT security company SafeNet as chief executive....
...But the SafeNet bid of two years ago valued the company at £86.1m and, in that light, £50m does not seem quite so high....
...In 2006, SafeNet, a US rival, attempted to acquire the company for £86.1m, but the deal was blocked because it would have brought together the UK’s two largest providers of encryption hardware....
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