Mcdta
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Why I Love This Stock

By:John Harkins

Date:01 13 07

Originally acquired as a spin-off, maintained because of somewhat reasonable success
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By:Guest

Date:11 30 -1

Acquiror: Brocade Communications (BRCD)
Spread: 5%
Expected Closing Date: Jan 31, 2007

Issues: Brocade (Nasdaq: BRCD) and McDATA (Nasdaq: MCDTA; MCDT) announced that they have entered into a definitive agreement whereby Brocade will acquire McDATA in an all stock transaction. Under the terms of the agreement, McDATA stockholders will receive 0.75 shares of Brocade common stock for each share of MCDTA they own.
The Federal Trade Commission has raised questions about the pending purchase but Brocade doesn’t think it will delay the closing of the deal.
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Why I Hate This Stock
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