FDRY: Foundry Networks Merger News and Arbitrage Profit - MergerInvesting.com

2008-12-02 06:13:35
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Listed Closing Values do not include regular dividends.

Symbol Announced Date Closing Value Last Price Closing Date Profit Annualized Profit
FDRY 2008-07-21 $16.50 $15.06 2008-12-31 9.56 % 120.35 %

Additional Information
If the merger is completed, Foundry Networks shareholders will receive $16.50 per share in cash.

Foundry Networks Merger News:

DateUpdate
2008-07-21 Brocade Agrees to Pay $3 Billion to Buy Foundry Networks
2008-10-07 Brocade gets $1.2B financing for Foundry deal (AP)
2008-10-08 Deal Boosts Foundry Network Shares (at TheStreet.com)
2008-10-16 Brocade plans $400M senior note offering (at bizjournals.com)
2008-10-24 Foundry Postpones Vote On Brocade Deal; Stock Plunges (at Barrons Online)
2008-10-29 Foundry, Brocade revise merger terms
2008-10-31 Foundry Networks Provides Additional Information Regarding Agreement in Principle With Brocade (PR Newswire)
2008-11-07 Brocade and Foundry Networks Announce Signing of Amendment to Definitive Agreement for Acquisition of Foundry by Brocade (PR Newswire)
2008-11-17 Brocade-Foundry: Further Into the Abyss (at The Wall Street Journal Online)


View Closing Conditions for the Foundry Networks (FDRY) Merger



View Financing Conditions for the Foundry Networks (FDRY) Merger






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