Notable Mergers and Acquisitions of the Day 10/30: ORCL, BRCD/FDRY
- Oracle (Nasdaq: ORCL) agreed to acquire RuleBurst Holdings Limited, the parent company of Haley Limited, a leading provider of policy modeling and automation software, to create an end-to-end solution for social services agencies.
- Brocade (Nasdaq: BRCD) and Foundry Networks, Inc. (Nasdaq: FDRY) reached an agreement in principle to amend the Agreement and Plan of Merger previously announced on July 21, 2008 between the two companies relating to Brocade's proposed acquisition of Foundry.
Under the agreement in principle, Foundry's shareholders would be entitled to receive $16.50 of cash for each share of Foundry common stock. The revised transaction would have an aggregate purchase price of approximately $2.6 billion.
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