HALISTER: Broadcom to Buy Brocade for $5.9b

Broadcom to Buy Brocade for $5.9b

(Bloomberg) -- Broadcom to acquire Brocade for $12.75 per share in an all-cash transaction valued at ~$5.5b, plus $0.4b of net debt.
  • Broadcom plans to divest Brocade’s IP Networking business
  • NOTE: 10/31, Brocade Communications Said in Advanced Talks to Sell Itself: Link
  • Statement:Link
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
AVGO US (Broadcom Ltd)
BRCD US (Brocade Communications Systems Inc)

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