Brocade Communications Systems

CEO: Lloyd Carney

Dec. 30, 2016: $12.49

March 31, 2017: $12.48

Change: -0.08%

Networking technology supplier Brocade Communications Systems agreed to be acquired by semiconductor maker Broadcom for $5.9 billion ($12.75 per share) in a deal announced Nov. 2. Broadcom said it planned to retain Brocade's fibre channel SAN switching business and divest Brocade's IP networking operations – including the Ruckus Wireless business Brocade bought earlier in 2016 for $1.2 billion.

In February Arris International reached an agreement to acquire Brocade's Ruckus Wireless and ICX Switch product lines, paying $800 million in cash for those assets, once the Broadcom deal closes.

On March 29 Broadcom struck a deal with Extreme Networks under which Extreme will acquire Brocade's data center networking business when Broadcom completes the Brocade acquisition.