Palo Alto — Paul Hastings LLP, a leading global law firm, announced today that the firm is advising Brocade Communications Systems (Brocade), a leading global networking solutions company, on its acquisition of Ruckus Wireless (Ruckus).
Based on the closing price of Brocade’s stock on April 1, 2016, the cash and stock transaction values Ruckus at approximately $1.5 billion and may fluctuate until close. Net of estimated cash acquired, the transaction value is approximately $1.2 billion.
The combination of Brocade and Ruckus is expected to create a pure-play networking company that has market-leading solutions spanning from the most critical part of the data center to the wireless network edge.
Corporate partners Rob Carlson and Claudia Simon led the deal team, which also included partners Michael Chernick, Stephen Harris, Scott Hataway, Tiffany Lee , Michael Zuppone, of counsel Meagan Olsen, and associates Vincent Buehler and Carolyn Nguyen.
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