Brocade Communications Systems Inc.'s $713 million acquisition of McData Corp. caught the unexpected attention of FTC antitrust enforcers, who have issued a second request for information, the company announced Tuesday. Antitrust experts wanting to scrutinize a deal that puts about 70 percent market share for storage area networking into the hands of one company is no shock. But software deals are usually reviewed by the DOJ. Officials from neither agency would comment on how jurisdiction was decided.
October 05, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Brocade Communications Systems Inc.’s $713 million acquisition of McData Corp. caught the unexpected attention of antitrust enforcers at the Federal Trade Commission, who have issued a second request for information, the company announced Tuesday.
The in-depth review is part of the Hart-Scott-Rodino Act premerger review process.
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