Brocade Acquisition Of Foundry Networks Clears Antitrust Review
San Jose-based Brocade said Monday that it has passed the 30-day waiting period for US antitrust review under the Hart-Scott-Rodino act. The waiting period is a milestone along the firm's acquisition of Foundry Networks, which was originally announced in July. Brocade said it is paying $19.25 in cash plus stock for Foundry, in a deal worth approximately $3 billion. The deal is now expected to close by the fourth quarter of the year.
posted on Tuesday, September 16, 2008
Related companies:
Brocade Communications
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> Brocade To Buy Foundry Networks For $3B
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