Brocade, Broadcom Offer EU Antitrust Fixes For $5.9B Deal

Law360, New York (April 20, 2017, 4:45 PM EDT) -- Broadcom Ltd. and networking solutions provider Brocade Communications Systems Inc. on Wednesday sent European Union competition regulators proposed fixes to assuage antitrust concerns over their $5.9 billion deal.

The European Commission set a review deadline for the proposed remedies for May 12, according to the Commission’s case file on the deal.

The Commission and Brocade declined to reveal the nature of the proposed fixes on Thursday. Broadcom was not immediately available to comment Thursday.

Broadcom’s all-cash deal, announced in November, is a move to ramp up...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.