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November 2, 2016 11:51 am GMT
Broadcom, Ltd bought BrocadeCommunications Systems today for $5.9 billion, giving the company a foothold far beyond chips in the networking storagebusiness. It’s quite a nice deal for Brocade shareholders, who gain a 47 percent premium over the $8.69 closing price last Friday night (October 28th). Under the terms of the deal, Broadcom will pay $12.75 per share. It’s an… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/0BAQd0o1uyQ/
Broadcom acquires Brocade in $5.9 billion deal
Broadcom, Ltd bought BrocadeCommunications Systems today for $5.9 billion, giving the company a foothold far beyond chips in the networking storagebusiness. It’s quite a nice deal for Brocade shareholders, who gain a 47 percent premium over the $8.69 closing price last Friday night (October 28th). Under the terms of the deal, Broadcom will pay $12.75 per share. It’s an… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/0BAQd0o1uyQ/
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