On December 16, 2013, Avago Technologies and LSI Corporation jointly announced that the two companies 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.
For more information:
Read the news release
View the Avago webcast and presentation
This page will be updated as more information about the acquisition is made available.