Avago Technologies Ltd. (NASDAQ: AVGO) and LSI Corp. (NASDAQ: LSI) reported that Avago has completed its acquisition of LSI Corp. for USD11.15 per share in an all-cash transaction valued at approximately USD6.6bn.
The acquisition creates a diversified semiconductor market leader with approximately USD5bn in projected annual revenues.
In connection with the closing of the acquisition, LSI´s common stock has ceased to be publicly traded on the NASDAQ Stock Market.
Avago Technologies Ltd. is a leading designer, developer and global supplier of a broad range of analog semiconductor devices with a focus on III-V based products.
LSI Corp. designs semiconductors and software that accelerate storage and networking in datacenters, mobile networks and client computing. More information is available at www.lsi.com.