Avago Technologies to Acquire LSI Corporation for $6.6 Billion in Cash
Silver Lake Partners to Support Transaction With $1 Billion Investment in Avago
- Positions Avago as a leader in enterprise storage
- Expands market position and brings valuable system-level expertise in wired infrastructure
- Diversifies revenue and scales up Avago across multiple attractive end markets
- Significantly and immediately accretive to Avago free cash flow and EPS on a non-GAAP basis
- $200 million of annual operating synergies expected by the end of fiscal year 2015
- Published: 16 December 2013
- Written by Editor