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Extreme Networks to buy OptraNet
Extreme Networks, Inc. said Tuesday it will buy privately held Optranet, a developer of broadband IP services for about 2 million of its shares in a move to extend its "ethernet everywhere" strategy.
Shares in the broadband networking solutions company closed down 3.25 to 39.13 Friday, making the deal worth about $78 million. Full story. -- Tiffany Kary, ZDII