Brocade Announces Definitive Agreement to Acquire Foundry Networks
Parties:
>Brocade is the leading provider of data center networking solutions that help organizations connect, share, and manage their information in the most efficient manner.(http://www.brocade.com/)
>Foundry Networks, Inc. is a leading provider of high-performance enterprise and service provider switching, routing,security and Web traffic management solutions, including Layer 2/3 LAN
switches, Layer 3 Backbone switches, Layer 4-7 application switches, wireless LAN and access points, metro routers and core routers. (http://www.foundrynet.com/)
7/21/2008 "Accelerating the Evolution of Network" Presentation Associated with the above Conference Call
7/21/2008 Foundry Networks "All Hands"
>Consideration:
Under the agreement, Brocade will pay a combination of $18.50 of cash plus 0.0907 shares of Brocade common stock in exchange for each share of Foundry common stock.
>Expected Closed:
The acquisition is expected to close in the fourth quarter of calendar year 2008.
