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Actionable news in BRCD: Brocade Communications Systems, Inc.,

FTC Requires Firewall for Brocade Acquisition

Semiconductor manufacturer Broadcom Ltd. (AVGO) must establish a firewall in order to receive antitrust approval for the company's $5.9 billion acquisition of Brocade Communications Systems Inc. (BRCD) .

The FTC is concerned that Broadcom's current access to the confidential business information of Brocade's major competitor, Cisco Systems Inc. (CSCO) , could be used to restrain competition in the global market for fibre channel switches.

Broadcom shares closed down 1.41% to $229.76 on Monday. Brocade shares were up 5 cents to $12.66.

Brocade and Cisco are the only two competitors in worldwide...


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