Brocade to buy Ruckus Wireless in $1.5 billion deal

(Reuters) – Network gear maker Brocade Communications Systems Inc said on Monday it would buy Ruckus Wireless Inc in a cash and stock deal worth about $1.5 billion to add Ruckus’s Wi-Fi products to its enterprise networking business. Based on Friday’s closing prices, the deal values Sunnyvale, California-based Ruckus at $14.43 per share, a premium […]...