![]() Broadcom, with the support of Brocade, plans to divest Brocade’s IP Networking business, consisting of wireless and campus networking, data center switching and routing, and software networking solutions. Broadcom expects to fund the transaction with new debt financing and cash available on its balance sheet. (Nasdaq:BRCD) today announced that they have entered into a definitive agreement under which Broadcom will acquire Brocade, a leader in Fibre Channel storage area network (“FC SAN”) switching and IP networking, for $12.75 per share in an all-cash transaction valued at approximately $5.5 billion, plus $0.4 billion of net debt. 02, 2016 (GLOBE NEWSWIRE) - Broadcom Limited (Nasdaq:AVGO) and Brocade Communications Systems, Inc. Immediately accretive to Broadcom’s non-GAAP EPS.$900 million of pro-forma non-GAAP EBITDA expected to be added in FY2018. ![]() Strategic acquisition strengthens Broadcom’s portfolio of enterprise storage and networking solutions serving OEM customers.Broadcom to retain Brocade’s Fibre Channel SAN Switching business and divest Brocade’s IP Networking business, including recently acquired Ruckus Wireless.
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