{"id":324,"date":"2006-08-08T15:24:00","date_gmt":"2006-08-08T15:24:00","guid":{"rendered":"https:\/\/blog.zerowait.com\/?p=324"},"modified":"2006-08-08T15:24:00","modified_gmt":"2006-08-08T15:24:00","slug":"324","status":"publish","type":"post","link":"https:\/\/blog.zerowait.com\/index.php\/2006\/08\/08\/324\/","title":{"rendered":""},"content":{"rendered":"<p><span style=\"font-weight: bold;\">The industry consolidates a little bit more.<\/span><br \/><a href=\"https:\/\/news.moneycentral.msn.com\/provider\/providerarticle.asp?feed=OBR&#038;Date=20060808&amp;ID=5929364\"> BOSTON (Reuters) &#8211; Data storage equipment maker Brocade  Communications Systems Inc.  said on Tuesday that it  would buy McData Corp.  for $4.61 per share, or $713  million.<br \/><\/a> <\/p>\n<p><a href=\"https:\/\/news.moneycentral.msn.com\/provider\/providerarticle.asp?feed=OBR&#038;Date=20060808&amp;ID=5929364\"> That&#8217;s a 48 percent premium to Monday&#8217;s $3.11 closing price  of McData&#8217;s Class A shares. McData&#8217;s Class A shares rose 37  percent in pre-market trade on Inet, while Brocade fell 8.8  percent.<\/a><\/p>\n<div id=\"RAModule\"><a href=\"https:\/\/news.moneycentral.msn.com\/provider\/providerarticle.asp?feed=OBR&#038;Date=20060808&amp;ID=5929364\"><xml ondataavailable=\"RAModule.innerHTML = this.XMLDocument.xml\" src=\"https:\/\/news.moneycentral.msn.com\/relevance\/RelNews.aspx?articleid=5929364\"><\/xml><\/a><\/div>\n<p><a href=\"https:\/\/news.moneycentral.msn.com\/provider\/providerarticle.asp?feed=OBR&#038;Date=20060808&amp;ID=5929364\"> Brocade, whose former chief executive is accused of  misleading investigators in a probe of the company&#8217;s stock  options, said the deal would add to earnings by the fourth  quarter of combined operations. McData stockholders would own  about 30 percent of Brocade.<\/a><\/p>\n<p><\/p>\n<div class=\"blogger-post-footer\"><img width='1' height='1' src='https:\/\/blogger.googleusercontent.com\/tracker\/11084229-115505091991664977?l=zerowait.blogspot.com' alt='' \/><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The industry consolidates a little bit more. BOSTON (Reuters) &#8211; Data storage equipment maker Brocade Communications Systems Inc. said on Tuesday that it would buy McData Corp. for $4.61 per share, or $713 million. That&#8217;s a 48 percent premium to &hellip; <a href=\"https:\/\/blog.zerowait.com\/index.php\/2006\/08\/08\/324\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/blog.zerowait.com\/index.php\/wp-json\/wp\/v2\/posts\/324"}],"collection":[{"href":"https:\/\/blog.zerowait.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.zerowait.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.zerowait.com\/index.php\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/\/blog.zerowait.com\/index.php\/wp-json\/wp\/v2\/comments?post=324"}],"version-history":[{"count":0,"href":"https:\/\/blog.zerowait.com\/index.php\/wp-json\/wp\/v2\/posts\/324\/revisions"}],"wp:attachment":[{"href":"https:\/\/\/blog.zerowait.com\/index.php\/wp-json\/wp\/v2\/media?parent=324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/\/blog.zerowait.com\/index.php\/wp-json\/wp\/v2\/categories?post=324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/\/blog.zerowait.com\/index.php\/wp-json\/wp\/v2\/tags?post=324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}