Brocade to acquire Foundry Networks

Iria · Jul 22, 2008, 03:47 AM

Brocade announced it plans to acquire Foundry Networks, in a deal valued at approximately $3 billion.

Under the agreement, Brocade will pay a combination of $18.50 of cash plus 0.0907 shares of Brocade common stock in exchange for each share of Foundry common stock, for a total value of $19.25 per share, the two companies said in a joint press release issued Monday.
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Source: Wireless Blog (News.com)

Jul 22, 2008, 03:47 AM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	Brocade to acquire Foundry Networks Brocade announced it plans to acquire Foundry Networks, in a deal valued at approximately $3 billion. Under the agreement, Brocade will pay a combination of $18.50 of cash plus 0.0907 shares of Brocade common stock in exchange for each share of Foundry common stock, for a total value of $19.25 per share, the two companies said in a joint press release issued Monday. ______________ Source: Wireless Blog (News.com)