Semiconductors M&A » By The Online Investor Staff, updated Wed., Jun. 29, 8:59 AM
Recent mergers and acquisitions in the Semiconductors M&A category.
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Slide #32. Avago Technologies — LSI Corporation
Acquirer:
Avago Technologies (NASDAQ:AVGO)
Acquiree:
LSI Corporation
Details:
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.
Broadcom is a holding company. Through its subsidiaries, Co. designs, develops and supplies a range of semiconductor and infrastructure software solutions. Co. develops semiconductor devices with a focus on digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products. Co.'s infrastructure software solutions enable customers to plan, develop, automate, manage and secure applications across mainframe, distributed, mobile and cloud platforms. Co. also provides fibre channel storage area networking products and related software in the form of modules, switches and subsystems incorporating multiple semiconductor products.
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Avg. Broker Rec.
 
|
Strong Buy (3.58 out of 4) 51st percentile
(ranked higher than approx. 51% of all stocks covered)
Analysts' Target Price: AVGO Stock Forecast Based on Zacks ABR data; powered by Xignite |
