Rackable Systems (RACK) will buy Silicon Graphics, Inc. (SGIC) in a pre-packaged bankruptcy deal designed to boost the company’s position in the high-performance computing market. Silicon Graphics will file for Chapter 11 today, and has agreed to sell most of its assets to Rackable for $25 million in cash. Rackable will also assume some of SGI’s liabilities.
http://www.datacenterknowledge.com/archives/2009/04/01/rackable-buys-sgi-in-chapter-11-deal/
