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Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Sun., May. 29, 9:21 AM

Slide #2. Brocade Ruckus Wireless

Acquirer: Brocade (NASDAQ:BRCD)
Acquiree: Ruckus Wireless
Details: Brocade (NASDAQ: BRCD) today announced that it has completed its acquisition of Sunnyvale, Calif.-based Ruckus Wireless. This represents an important step in Brocade's strategic vision to build a pure-play networking company that supports the rapidly evolving requirements of the digital transformation era.

Brocade Communications Systems is a supplier of networking hardware, software, and services, including Storage Area Networking (SAN) solutions and Internet Protocol (IP) Networking solutions for businesses and organizations of various types and sizes. Co. provides a line of networking hardware and software products and services that enable businesses and organizations to make their data centers and networks efficient, reliable, and adaptable to the changing demands of new network traffic patterns and volumes. Co. is organized into three operating segments:SAN Products, IP Networking Products, and Global Services.

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Company Name:  Brocade Communications Systems, Inc.
Stock buyback:  BRCD buyback
Sector:  Computers
Number of ETFs Holding BRCD:  36
Total Market Value Held by ETFs:  $54.87M
Total Market Capitalization:  $3.35B
% of Market Cap. Held by ETFs:  1.64%

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May 29, 2016    9:21 AM Eastern
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Hold (2.24 out of 4)
10th percentile
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