Seems that Blackstone has walked away...
http://www.bloomberg.com/news/2012-02-17/blackstone-said-to-end-talks-to-buy-brocade-communications-amid-stock-gain.html
http://www.bloomberg.com/news/2012-02-17/blackstone-said-to-end-talks-to-buy-brocade-communications-amid-stock-gain.html
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