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Brocade to acquire Ruckus Wireless for USD 1.5 billion
2016-04-04 15:19:00| Telecompaper Headlines
(Telecompaper) Brocade Communications has announced an agreement to acquire Wi-Fi equipment maker Ruckus Wireless in a cash and stocks deal worth around USD 1.5 billion. In a joint statement, Brocade and Ruckus said the transaction had been approved by both companies' boards of directors and Ruckus shareholders will receive USD 6.45 in cash and 0.75 shares of Brocade common stock for each share of Ruckus common stock. Brocade said the acquisition will serve to complement its enterprise networking portfolio, allowing it to build a networking company for the digital transformation era. "The combination of Brocade and Ruckus creates a new type of pure-play networking company, with solutions spanning from the heart of the data centre to the wireless network edge," said Brocade.
Tags: wireless
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Alaska Air to acquire Virgin America
2016-04-04 12:49:56| BBC News | Business | UK Edition
Alaska Air Group agrees to acquire fellow airline Virgin America in a $4bn deal, to create the fifth-largest US airline.
Tags: air
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alaska
Actuant To Acquire FourQuest Energy Assets For $60 Million
2016-04-01 13:03:33| Industrial Machines - Topix.net
Actuant Corporation , a diversified industrial company, announced on Wednesday it has reached an agreement to acquire the the business and assets of the Middle East, Caspian and North Africa division of FourQuest Energy . FourQuest Energy is a Canadian-based private company that offers mechanical pre-commission, commissioning, and scheduled maintenance and shutdown events.
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Chinese companies have spent around US$15 billion to acquire...
2016-03-30 08:35:43| Semiconductors - Topix.net
China, which produces over 90 per cent of the world's smartphones, still relies heavily on imported chips but China IC Industry Investment Fund is helping to develop the domestic industry Acquisitions by the government-backed China IC Industry Investment Fund to help expand the country's semiconductor industry have reached 43 billion yuan so far and show no signs of abating, analysts said. "We expect the Chinese government to continue investing heavily in this industry," said Bernstein senior analyst Mark Li, lead author of a research note about the state's "Big Fund".
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Bristol-Myers Squibb To Acquire Padlock Therapeutics, Inc.
2016-03-30 03:53:43| drugdiscoveryonline Home Page
Bristol-Myers Squibb Company and Padlock Therapeutics, Inc. announced recently that the companies have signed a definitive agreement under which Bristol-Myers Squibb will acquire all of the outstanding capital stock of Padlock, a private, Cambridge, Massachusetts-based biotechnology company dedicated to creating new medicines to treat destructive autoimmune diseases
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therapeutics
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