Tech Company M&A Transactions
Ruckus Wireless Acquisition
On 4/5/2016, Ruckus Wireless was acquired by Brocade Communication Systems. The transaction price was $1.5 billion.
Transaction Overview
Company Name
Acquired By
Announced On
4/5/2016
Transaction Type
M&A
Amount
$1,500,000,000
M&A Terms
Under the terms of the agreement, Ruckus stockholders will receive $6.45 in cash and 0.75 shares of Brocade common stock for each share of Ruckus common stock. Based on the closing price of Brocade's stock on April 1, 2016, the transaction values Ruckus at a price of $14.43 per common share, or approximately $1.5 billion, and may fluctuate until close.
Company Information
Company Status
Acquired or Merged
Industry
Wireless
Mailing Address
350 West Java Dr.
Sunnyvale, CA 94089
USA
Sunnyvale, CA 94089
USA
Phone
Website
Email Address
Overview
Ruckus Wireless is a wireless equipment supplier focused on the next generation of home networking. The Company is credited with developing the world's first in-home wireless multimedia system, MediaFlex, which it introduced in October of 2005.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Selina Lo
Chief Financial Officer
Seamus Hennessy
Chief Technical Officer
Bill Kish
Co-Founder
Victor Shtrom
VP - Bus. Development
Bart Burstein
VP - Engineering
Steve Martin
VP - Marketing
Rob Mustarde
VP - Operations
Fred Harried
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