Avago Technologies acquires LSI

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.

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