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Broadcom Makes Hostile $9.25/Shr Bid For Emulex

in News on April 21, 2009 at 7:00 am PT

Broadcom this morning announced an unsolicited $9.25 a share cash offer to acquire Emulex. The deal has a total value of $764 million. The offer is 40 percent above yesterday’s closing price for ELX at $6.61.