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BRCD Brocade Communications Systems, Inc.

12.73
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Brocade Communications Systems, Inc. NASDAQ:BRCD NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 12.73 12.55 12.73 0 01:00:00

FTC Lays out Terms for Broadcom-Brocade Tie-Up -- Market Talk

03/07/2017 7:11pm

Dow Jones News


Brocade Communications Systems, Inc. (NASDAQ:BRCD)
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From May 2019 to May 2024

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13:42 ET - Broadcom (AVGO) has agreed to set up a so-called firewall to address regulatory concerns over its proposed $5.5B acquisition of Brocade Communications Systems (BRCD). The Federal Trade Commission had raised concerns over AVGO's potential access to confidential information of BRCD's major competitor, Cisco Systems (CSCO). The consent order says AVGO, a supplier to both companies, has to maintain separate tech systems and facilities in managing its continuing relationship with CSCO. The FTC will also appoint a monitor to oversee compliance with the proposed arrangement for at least five years. The agreement is subject to public comment through Aug. 2. (maria.armental@wsj.com; @mjarmental)

 

(END) Dow Jones Newswires

July 03, 2017 13:56 ET (17:56 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

1 Year Brocade Communications Systems, Inc. Chart

1 Year Brocade Communications Systems, Inc. Chart

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1 Month Brocade Communications Systems, Inc. Chart

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