Broadcom (BRCM) To Acquire Provigent in $313M Deal

March 21, 2011 8:23 AM EDT
Broadcom Corporation (Nasdaq: BRCM) has entered into a definitive agreement for the acquisition of Provigent in a deal valued at $313 million.

Closing is expected in Q211. The acquisition will be neutral to Broadcom's FY11 earnings.

Provigent is a provider of highly integrated, high performance, mixed signal semiconductors for microwave backhaul systems.


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