Brocade Communication Systems Acquires Ruckus Wireless for $1,500,000,000

  • Feed Type
  • Date
    4/5/2016
  • Company Name
    Ruckus Wireless
  • Mailing Address
    350 West Java Dr. Sunnyvale, CA 94089 USA
  • Company Description
    Ruckus Wireless is a wireless equipment supplier focused on the next generation of home networking. The Company is credited with developing the world’s first in-home wireless multimedia system, MediaFlex, which it introduced in October of 2005.
  • Website
    http://www.ruckuswireless.com
  • Transaction Type
    M&A
  • Transaction Amount
    $1,500,000,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    Under the terms of the agreement, Ruckus stockholders will receive $6.45 in cash and 0.75 shares of Brocade common stock for each share of Ruckus common stock. Based on the closing price of Brocade’s stock on April 1, 2016, the transaction values Ruckus at a price of $14.43 per common share, or approximately $1.5 billion, and may fluctuate until close.

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