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Emulex
Corporation
ELX, the leading provider of converged networking
solutions, and Endace Limited, a leading supplier of network
visibility infrastructure products, announced today that the Emulex Takeover
Offer for Endace has been approved by the New Zealand Overseas Investment
Office, and assurances of continuity have been received for the research and
development grants Endace receives from the New Zealand Ministry of Science
and Innovation. The Closing Date for shareholders to submit their shares to
the Offer is 1 p.m. London time on February 12, 2013 (the "Closing Date").
"We are pleased to have passed these major milestones in our acquisition of
Endace. Emulex looks forward to completing the acquisition," said Jim
McCluney, chief executive officer (CEO) of Emulex.
Mike Riley, CEO of Endace, said, "We have been very pleased by the reception
that the Offer has received from the Endace shareholders and our customers.
Our employees are also looking forward to the benefits that the acquisition
will bring to Endace's business."
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