Cowen Bullish on Broadcom's (AVGO) Acquisition of Brocade (BRCD); Sees Street Ests as 'Way Too Low'
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Broadcom Limited to Acquire Brocade Communications Systems Inc. for $5.9 Billion
November 2, 2016 7:05 AM EDTBroadcom to retain Brocades Fibre Channel SAN Switching business and divest Brocades IP Networking business, including recently acquired Ruckus WirelessStrategic acquisition strengthens Broadcoms portfolio of enterprise storage and networking solutions serving OEM customers$900 million of pro-forma non-GAAP EBITDA expected to be added in FY2018Immediately accretive to Broadcoms non-GAAP EPS
SINGAPORE and SAN JOSE, Calif., Nov. 02, 2016 (GLOBE NEWSWIRE) -- Broadcom Limited (Nasdaq: AVGO) and Brocade Communications Systems, Inc. (Nasdaq:... More
