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LSI Logic (LSI) Shareholders Approve Merger Agreement with Agere Systems

March 29, 2007 2:09 PM EDT
LSI Hot Sheet
Overall Analyst Rating:
    BUY (= Flat)

Revenue Growth %: -1.1%
LSI Logic Corporation (NYSE: LSI) announced that it has obtained the required LSI shareholder approval of the previously announced merger with Agere Systems (NYSE: AGR) at a special meeting held.

The merger transaction is expected to close on Monday, April 2, 2007 subject to the satisfaction of closing conditions.

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