<< Read Full Article
<< Read Full Article
Brocade Boosted By Revised Foundry Deal
- Loading Comments...
Shares of data-storage specialist Brocade (BRCD Quote) rallied almost 10% in early trading Thursday after the company lowered the price of its acquisition of Foundry Networks (FDRY Quote) by $400 million.
The companies had agreed to a $3 billion purchase price in July, but announced late Wednesday that the figure had been lowered to $2.6 billion.
Under the revised deal, Foundry shareholders will receive $16.50 of cash for each share, compared with the initial $19.25 offer of cash and Brocade stock. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,452.00 | 1,107.93 | 2,201.05 | 36.03 |
Oil *
72.08
|
|
DOWN
49.05
|
DOWN
6.18
|
DOWN
11.05
|
UP
0.57
|
10 Yr
3.60%
SPDR Gold
110.21
|
|
-0.47%
|
-0.55%
|
-0.50%
|
+1.61%
|
Data delayed 20 minutes |
Connect with TheStreet