Brocade Gets First-Round Bids for Sale

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Brocade gets first-round bids for sale: sources
Brocade Communications System Inc. has received first-round bids from a handful of potential buyers as the company explores a sale, sources familiar with the matter said. The San-Jose, California-based maker of switches and routers for managing data traffic, which has a market value of $2.35 billion, hired Frank Quattrone’s Qatalyst Partners in November to focus on a deal that could result in a leveraged buyout, the sources said.

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