Emulex Corp. (ELX) said Monday that it has completed its acquisition of Endace Ltd.
Emulex acquired control of Endace, and beneficial ownership of 89% of the shares of Endace, on February 26. Emulex has now completed the acquisition of beneficial ownership of 99.9 percent of the shares of Endace, and the process for the compulsory acquisition of the remaining Endace shares by Emulex pursuant to the New Zealand Takeovers Code has commenced.
In December, Emulex issued a takeover notice to acquire all of the outstanding equity interests in Endace, a network monitoring appliances supplier, in an all cash deal.
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