Emulex to mop up remaining Endace shares after crossing threshold

Mon, 01 Apr 2013

April 2 (BusinessDesk) - Emulex Corp, the US computer network provider, will mop up the remaining shares in New Zealand-based, London AIM exchange-listed Endace after crossing the threshold to enforce compulsory acquisition in its fourth extension to the offer. The New York Stock Exchange-listed Emulex has received 99.9 percent of acceptances as at March 28 for some 76 million British pounds, or US$119.8 million, and has already paid 4.6 million pounds, or US$7.2 million for employee stock options, it said in a statement. That means it has...

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