Blue Coat Systems to acquire Packeteer Inc

21.04.2008 14:34

Blue Coat Systems (NASDAQ: BCSI), the maker of proxy server appliances used for WAN optimization, is going to acquire Packeteer (NASDAQ: PKTR) for $268 million.

Earlier this year Packeteer was offered another deal - hedge fund Elliott Associates wanted to buy the company for about $200.6 million – but the company rejected the offer.

The acquisition will help Blue Coat fill firm in the WAN optimization market.

Merrill Lynch & Co. was an exclusive financial advisor to Blue Coat in connection with the deal.

Subscribe to Pravda.Ru Telegram channel, Facebook, RSS!

Author`s name Editorial Team

Russia takes revenge for general murder as missiles strike SBU's building in Kyiv

On December 20, the Russian Army conducted a massive missile strike on Ukraine. Warehouses caught fire in the vicinity of Boryspil airport near Kyiv

Kyiv wakes up to missile strike as Russian forces hit SBU building

Russia unveils details of latest missile strike on Kyiv

Russia strikes Kyiv in response to ATACMS/Storm Shadow attack on Rostov

Russian fashion model and TV presenter killed in Paris

The Houdini Economy – Companies Crashing, Stocks Soaring & Still Going Great Guise!