Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers F > Headlines for Foundry Networks Inc. > News item |
Brocade Communications acquires Foundry Networks
By Lisa Kerner
Charlotte, N.C., Dec. 19 - Brocade Communications Systems, Inc. completed its $16.50-per-share acquisition of Foundry Networks Inc., it was announced on Friday.
The transaction was valued at about $2.6 billion.
It was previously reported that Foundry would pay a special cash dividend of about $0.249 per share to its shareholders immediately prior to the merger's close.
Foundry is a Santa Clara, Calif.-based provider of network switching and routing. Brocade is a San Jose, Calif., network storage equipment company.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.