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$6.6 billion
- Semiconductor manufacturer Avago (AVGO) said it will pay $6.6 billion to buy venerable storage chip maker LSI (LSI), in the largest acquisition ever for the Singapore-based wireless and wired specialist and one of the industry’s heftiest deals this year.
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Avago believes the acquisition of LSI positions Avago as a leader in the enterprise storage market. The acquisition also expands Avago's product offerings and brings system-level expertise in its wired infrastructure market.
Dec 16, 2013 · Avago, a manufacturer of semiconductors for phone handsets, has bought LSI in a $6.6bn debt funded deal to help the company expand into the rapidly growing area of enterprise storage.
Avago Technologies Ltd. ( AVGO) announced Monday morning that it will acquire LSI Corp. ( LSI) for $11.15 a share, or a total of about $6.6 billion. The stock in both firms was halted in...
May 28, 2015 · Until Thursday, Avago's biggest deal was for chipmaker LSI Corp, which it bought for $6.6 billion last year. Tan's strategy has been to look at potential targets that do not necessarily have...
Dec 17, 2013 · Semiconductor manufacturer Avago (AVGO) said it will pay $6.6 billion to buy venerable storage chip maker LSI (LSI), in the largest acquisition ever for the Singapore-based wireless and wired specialist and one of the industry’s heftiest deals this year.
May 21, 2014 · Avago Technologies and LSI Corp. announced that Avago has completed its acquisition of LSI Corp. for $11.15 per share in an all-cash transaction valued at approximately $6.6 billion. The acquisition creates a highly diversified semiconductor market leader with approximately $5 billion in projected annual revenues.
This communication is being made in respect of the proposed transaction involving LSI Corporation (“LSI”) and Avago Technologies Limited (“Avago”). The proposed transaction will be submitted to the stockholders of LSI for their consideration.
