Deals of the day- Mergers and acquisitions

lunes 4 de abril de 2016 16:06 GYT

(Adds Ambac Finanacial, Schroders, Baker Hughes ;updates Alaska Group, Westlake, Brocade Communications, Anheuser-Busch InBev)

April 4 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:

** Network gear maker Brocade Communications Systems Inc said it would buy Ruckus Wireless Inc in a cash-and-stock deal worth about $1.5 billion to add Ruckus's Wi-Fi products to its enterprise networking business.

** Alaska Air Group Inc said it would buy Virgin America Inc for $2.6 billion to compete more effectively with larger airlines and become the top carrier on the U.S. West Coast.

** Westlake Chemical Corp said it would seek to replace Axiall Corp's board, after its raised offer was rejected by the U.S. chemical and building products maker.

** Ambac Financial Group Inc, the U.S. bond insurer facing a challenge to its board by hedge fund Canyon Capital Advisors LLC, is vying to buy smaller peer CIFG Assurance North America Inc, according to people familiar with the matter.   Continuación...