Sunday, June 28, 2009

Broadcom Raises its Emulex Offer from $9.25 to $11.00 Per Share

Broadcom raised its tender offer for all of the currently outstanding shares of common stock (including the associated preferred stock purchase rights) of Emulex (NYSE:ELX) from $9.25 to $11.00 per share in cash, representing a total equity value of approximately $912 million. As required by law, Broadcom will extend its tender offer for an additional 10 business days, until midnight New York City time, July 14, 2009.

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