BROCADE COMMUNICATIONS SYSTEMS, INC. (NASDAQ:BRCD) Files An 8-K Other Events
Item 8.01. Other Events.

As previously reported, on November 2, 2016, Brocade Communications Systems, Inc. (the “Company”) entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Broadcom Limited (“Ultimate Parent”), Broadcom Corporation and Bobcat Merger Sub, Inc. (“Merger Sub”) providing for the merger of Merger Sub with and into the Company (the “Merger”), with the Company surviving the Merger as an indirect wholly owned subsidiary of Ultimate Parent. Under the terms of the Merger Agreement, the Merger cannot be completed until the waiting period applicable to the Merger under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”), has expired or been terminated, the parties have obtained affirmative approval or clearance required under the antitrust laws of the European Union, Japan and the People’s Republic of China, and the other closing conditions under the Merger Agreement have been satisfied or waived.

Also as previously reported, on November 30, 2016, each of the Company and Ultimate Parent filed a Premerger Notification and Report Form with the Federal Trade Commission (the “FTC”) and the Antitrust Division of the Department of Justice under the HSR Act, which commenced a waiting period under the HSR Act with respect to the Merger that was scheduled to expire at 11:59 p.m., Eastern Time, on December 30, 2016.

In consultation with both the FTC and the Company, Ultimate Parent voluntarily withdrew its Premerger Notification and Report Form effective December 30, 2016, and re-filed the same on January 4, 2017. The withdrawal and refiling are procedural steps that provide the FTC with additional time to complete its review of the proposed Merger. The waiting period under the HSR Act with respect to the Merger is now scheduled to expire at 11:59 p.m., Eastern Time, on February 3, 2017.

The Company continues to expect that the Merger will be consummated in the second half of its fiscal year 2017 (which begins on April 30, 2017 and ends on October 28, 2017), subject to the satisfaction or waiver of all closing conditions.

About BROCADE COMMUNICATIONS SYSTEMS, INC. (NASDAQ:BRCD)

Brocade Communications Systems, Inc. (Brocade) is a supplier of networking hardware, software and services, including storage area networking (SAN) solutions and Internet protocol (IP) networking solutions for businesses and organizations of various types and sizes. The Company operates through three segments: SAN Products, IP Networking Products and Global Services. The SAN Products segment includes infrastructure products and solutions that help customers develop and deploy storage and server consolidation, disaster recovery and data security. The IP Networking Products segment includes Layer 2 and Layer 3 Ethernet switches, and routers to connect users over private and public networks. The Global Services segment includes break or fix maintenance, installation, consulting, network management and software maintenance, and post-contract customer support. Its products enable customers to deploy architectures and technologies, including virtualization and cloud computing.

BROCADE COMMUNICATIONS SYSTEMS, INC. (NASDAQ:BRCD) Recent Trading Information

BROCADE COMMUNICATIONS SYSTEMS, INC. (NASDAQ:BRCD) closed its last trading session down -0.04 at 12.46 with 4,127,431 shares trading hands.