Under the terms of the deal, Broadcom said that Brocade investors would receive $12.75 a share in cash, a 47 percent premium to the Brocade’s closing price on Friday.
The deal set out to build a new type of networking company for the digital era, one that stretches from the core of the data center to the wireless edge, and that remakes the network into a platform for rapid service delivery and business innovation.
Hock Tan, President and Chief Executive Officer of Broadcom
With deep expertise in mission-critical storage networking, Brocade increases our ability to address the evolving needs of our OEM customers. In addition, we are confident that we will find a great home for Brocade’s valuable IP networking business that will best position that business for its next phase of growth.
Lloyd Carney, Chief Executive Officer of Brocade
Our best-in-class FC SAN solutions will help