SAN JOSE, Calif. and BROOMFIELD, Co.— August 8, 2006 — Brocade (Nasdaq: BRCD) and McDATA (Nasdaq: MCDTA/MCDT) today announced that they have entered into a definitive agreement whereby Brocade will acquire McDATA in an all stock transaction. Under the terms of the agreement, McDATA stockholders will receive 0.75 shares of Brocade common stock for each share of McDATA class A common stock and each share of McDATA class B common stock they hold. Based on Brocade’s closing stock price on August 7, 2006, the transaction is valued at approximately $4.61 per McDATA share, or approximately $713 million. Upon completion of the transaction, McDATA stockholders will own approximately 30 percent of Brocade. The transaction is expected to be tax-free to McDATA stockholders.
So much for my top secret altitude training when I had to go to corporate in Colorado....I guess I will have to do it in San Jose now...
Thursday, August 10, 2006
Welcome to my world....
Posted by Donimator at 10:20 AM
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2 comments:
San Jose has a track big boy!
You also ride up Mt. Hamilton when you get sick of riding around in circles.
So quit being all pissy in your panties about it for gods sake.
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