Product category: Intellectual Property Cores
News Release from: LSI Europe
Edited by the Electronicstalk Editorial Team on 08 December 2006
LSI Logic and Agere Systems to combine
LSI Logic and Agere Systems have entered into a definitive merger agreement under which the companies will be combined in an all stock transaction with an equity value of approximately US $4 billion.
LSI Logic and Agere Systems have entered into a definitive merger agreement under which the companies will be combined in an all stock transaction with an equity value of approximately US $4 billion Under the terms of the agreement, Agere shareholders will receive 2.16 shares of LSI for each share of Agere they own
This article was originally published on Electronicstalk on 23 May 2001 at 8.00am (UK)
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Based on the closing stock price of LSI on 1st December 2006, this represents a value to Agere shareholders of US $22.81 per share.
The combined company, to be called LSI Logic Corporation, will offer a comprehensive set of building block solutions including semiconductors, systems and related software for storage, networking and consumer electronics products.
The companies had combined revenue of US $3.5 billion for the 12 months ended 30th September 2006.