Craig-Hallum Downgrades PLX Technology (PLXT) to Sell
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Avago Tech (AVGO) to Acquire PLX Technology (PLXT) in $309M Deal
June 23, 2014 6:01 AM EDTAvago Tech (Nasdaq: AVGO) and PLX Technology, Inc. (Nasdaq: PLXT) announced that they have entered into a definitive agreement under which Avago will acquire PLX, a leader in PCI Express silicon and software connectivity solutions, in an all-cash transaction valued at approximately $309 million, or $293 million net of cash and debt acquired. Under the terms of the agreement, which was approved by the Boards of Directors of both companies, a subsidiary of Avago will commence a tender offer for all of the outstanding shares of PLX common... More
