Fortinet Inc. (Nasdaq: FTNT) will pay a premium of
approximately $44 million in cash to acquire Meru Networks Inc. (Nasdaq:
MERU). Shares of Fortinet added 14 cents to close at $39.43 while Meru
stock climbed 23 cents to close at $1.61.
Fortinet to acquire Meru Networks
May 27, 2015 at 10:50 AM EDT