News

Brocade to Acquire Ruckus Wireless

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

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

.

Paul Hastings is a leading global law firm with a strong presence throughout Asia, Europe, Latin America, and the United States. Through a collaborative approach, entrepreneurial spirit, and commitment to client service, the professionals of Paul Hastings deliver innovative solutions to many of the world’s top financial institutions and Fortune 500 companies.