Blackstone Studies Brocade Buyout on No Sale

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Blackstone Studies Brocade Buyout on No Sale
Blackstone Group LP, the world’s largest private-equity firm, is studying a leveraged buyout of Brocade Communications Systems Inc., said a person with knowledge of the situation. While Blackstone is in talks with Brocade, which has been seeking a buyer since 2009, reaching a deal may be difficult, said the person, who declined to be identified because the matter isn’t public. Brocade, a maker of switches for data-storage networks, has a market value of $2.65 billion.