Wednesday, November 2, 2016

Broadcom acquires Brocade in $5.9 billion deal

Broadcom headquarters Broadcom, Ltd bought Brocade Communications Systems today for $5.9 billion, giving the company a foothold far beyond chips in the networking storage business. 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

No comments:

Post a Comment