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.
The continued irresolution of the W.Sahara conflict: The right to self-determination vs. Realpolitik by Dr. Sidi Omar, Frente Polisario representative at the UN