Blackstone (BX) has halted talks to acquire Brocade Communications (BRCD -2.2%) because the...

|About: Brocade Communications Syst... (BRCD)|By:, SA News Editor

Blackstone (BX) has halted talks to acquire Brocade Communications (BRCD -2.2%) because the stock's price rose too high to make a leveraged buyout attractive, according to a Bloomberg report issued minutes prior to the market close. The maker of switches for data storage networks has been looking for a buyer since 2009.