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    LSI SandForce Acquired By Avago Technologies

    Discussion in 'Hardware Components and Aftermarket Upgrades' started by WhatsThePoint, Dec 16, 2013.

  1. WhatsThePoint

    WhatsThePoint Notebook Virtuoso

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    Avago Technologies to Acquire LSI Corporation for $6.6 Billion in Cash

    SAN JOSE, CA and SINGAPORE – December 16, 2013 – Avago Technologies Limited (NASDAQ: AVGO) and LSI Corporation (NASDAQ: LSI) today announced that they have entered into a definitive agreement under which Avago will acquire LSI for $11.15 per share in an all-cash transaction valued at $6.6 billion. The acquisition creates a highly diversified semiconductor market leader with approximately $5 billion in annual revenues by adding enterprise storage to Avago’s existing wired infrastructure, wireless and industrial businesses. The combined company will be strongly positioned to capitalize on the growing opportunities created by the rapid increases in data center IP and mobile data traffic.

    Avago Technologies to Acquire LSI Corporation for $6.6 Billion in Cash

    http://www.avagotech.com/pages/home/
     
    WhatsThePoint, Dec 16, 2013
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