The Federal Trade Commission has asked Brocade to give it more information over its proposed acquisition of enterprise storage rival McData.

The FTC made its request under the Hart-Scott-Rodino Act to examine the deal for potential anti-trust implications, but this looks pretty much par for the takeover course.

Brocade today confirmed [1] its expectation that the deal will close as early as its first quarter of fiscal year 2007, ending January 27, 2007.

The company announced its intention to buy McData, in a $713m all-stock deal, in August. It intends to wield the axe post merger, looking to shave $100m in annual costs. ®

Links

1. http://phx.corporate-ir.net/phoenix.zhtml?c=90440&p=irol-newsArticle&ID=911450&highlight=

Related stories

• Cisco slugs FTC-addled McData (22 March 2007)

  http://www.channelregister.co.uk/2007/03/22/cisco_brocade_delloro_numbers/

• Webmaster pays $3,300 to settle malware charges (1 March 2007)

  http://www.theregister.co.uk/2007/03/01/ftc_spyware_settlement/

• FTC green lights BrocData (24 January 2007)

  http://www.channelregister.co.uk/2007/01/24/ftc_brocdata_approval/

• Brocade captures Silverback (9 January 2007)

  http://www.channelregister.co.uk/2007/01/09/brocade_buys_silverback/

• Brocade continues green streak (22 November 2006)

  http://www.channelregister.co.uk/2006/11/22/brocade_q4_2006/

• McData offers $1.1m to keep CEO sweet (16 October 2006)

  http://www.channelregister.co.uk/2006/10/16/mcdata_ceo_package/

• Brocade-McData: nothing to see here, Mr FTC (11 October 2006)

  http://www.channelregister.co.uk/2006/10/11/brocade_mcdata_meeting/

• SEC procrastinating on Brocade fine? (11 October 2006)

  http://www.channelregister.co.uk/2006/10/11/brocade_mcdata_ftc_sec/

• Ex-Brocade pair plead not guilty (31 August 2006)

  http://www.theregister.co.uk/2006/08/31/reyes_pleads/

• Brocade raises expectations for Q4 (18 August 2006)

  http://www.channelregister.co.uk/2006/08/18/brocade_q3_2006/

• Cisco turns up profits despite set top box buy (9 August 2006)

  http://www.theregister.co.uk/2006/08/09/cisco_q4_2006/

• Brocade chomps McData (8 August 2006)

  http://www.channelregister.co.uk/2006/08/08/brocade_buys_mcdata/

• Brocade copies HP and Veritas by buying NuView (7 March 2006)

  http://www.channelregister.co.uk/2006/03/07/brocade_buys_nuview/

• Brocade and ex-CEO could square off in court over failed Cisco buy (9 February 2006)

  http://www.theregister.co.uk/2006/02/09/reyes_brocade_sec/