January 9, 2012 / 5:58 PM / 6 years ago

Brocade gets first-round bids for sale: sources

NEW YORK (Reuters) - Brocade Communications System Inc has received first-round bids from a handful of potential buyers as the company explores a sale, sources familiar with the matter said.

The San-Jose, California-based maker of switches and routers for managing data traffic, which has a market value of $2.35 billion, hired Frank Quattrone’s Qatalyst Partners in November to focus on a deal that could result in a leveraged buyout, the sources said.

A Brocade spokesperson declined to comment. Qatalyst Partners did not return calls for comment.

Reporting By Nadia Damouni; Additional reporting by Greg Roumeliotis; Editing by Gerald E. McCormick

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below