Merger of Brocade With Broadcom Delayed
To give US government inter-agency committee more time to go over proposed deal
By Jean Jacques Maleval | July 20, 2017 at 2:25 pmTo read this article from MarketWatch, click on:
Broadcom, Brocade merger delayed
Brocade Communications Systems Inc. said late Tuesday the closing of its deal with Broadcom Ltd. has been delayed to give a U.S. government inter-agency committee more time to go over the proposed deal. Broadcom agreed to buy Brocade last year, and shareholders approved the deal in January.