Foundry shareholders OK merger with Brocade
Foundry Networks shareholders have approved a merger with Brocade Communications, overcoming what appears to be the last major hurdle in a deal that had been questioned as stock and credit markets plunged.
Brocade gets loan to fund Foundry buyout
Brocade Communications Systems on Tuesday secured a $1.1 billion loan to fund its acquisition of Foundry Networks despite a tightening of credit markets amid the Wall Street meltdown.
Brocade gearing up to fight 'Cisco fatigue'
With its acquisition of Ethernet vendor Foundry Networks expected to close by year's end, Brocade is painting itself as the alternative to Cisco that IT administrators have been looking for.
Brocade deal to help drive data-center transition
Brocade Communications Systems' planned US$3 billion acquisition of Foundry Networks is a major strategic move in a brewing war over the future of data-center connectivity, industry analysts said Tuesday.
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