Broadcom (BRCM) Raises Offer for Emulex (ELX) to $11
More News related to BRCM
- New MoGo Talk Headsets Utilize Broadcom(R) Bluetooth(R) Technology for Trailblazing Designs while Maximizing User Convenience
- Broadcom to Present at Upcoming Conferences
- Broadcom Announces HD Cable Set-Top Box SoC Solutions With Integrated MoCA(R) for North America
- Traders Sell Broadcom (BRCM) Amid Bottom-Line Miss
- Morning Movers 10/23: AMZN, CPWR, EPAY, ALGN, HWAY, SCSS, ACO Higher; ELN, SNV, CBRX, RMTR, STSA, DVAX Lower
More News related to ELX
- Emulex Files Lawsuit to Defend Itself Against Alleged Anticompetitive Conduct By Broadcom
- Emulex Announces General Availability of its OneConnect Universal Converged Network Adapters and OneCommand Manager
- Emulex Announces Collaboration with IBM to Deliver Industry-Leading Storage and Networking Solutions
- * * *MEDIA ALERT * * * Emulex Demonstrates Benefits of OneConnect UCNA and Leads the Discussion on Network Convergence at SNW Europe
- Ellex to Deliver New Generation Ultrasound at AAO
More News related to Mergers and Acquisitions
- Moody's Suggests AIG (AIG) Could Repay the U.S.
- Buffett's Berkshire To Sell 9.6M Share Stake in Union Pacific (UNP) and 1.9M Share Stake In Norfolk Southern (NSC)
- Einhorn's Greenlight Erases Last Year's Loss: Flagship Fund Up 30% YTD
- East West Bancorp (EWBC) Shares Rocket Higher Amid Acqusition of UCB
- Verizon Claims Strong Sales of Motorola's New 'Droid', But Won't Give Specific Numbers (VZ, MOT)
Broadcom Corporation (Nasdaq: BRCM) raised its tender offer for all of the currently outstanding shares of common stock of Emulex Corporation (NYSE: ELX) from $9.25 to $11.00 per share in cash, representing a total equity value of approximately $912 million.
This is the best offer Broadcom intends to make, reflecting Broadcom's assessment of the publicly available information on Emulex and the value Broadcom anticipates to itself from an expedited transaction. The offer represents a premium of 66% to Emulex's closing stock price on April 20, 2009, the day before Broadcom announced its initial offer.
Related Categories
Mergers and AcquisitionsStocks Mentioned
+0.00Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
