S&P Places Avgo Tech (AVGO) on CredtiWatch Negative (LSI)
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Avago Technologies to Acquire LSI Corporation for $6.6 Billion in Cash
December 16, 2013 8:00 AM ESTSilver 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 2015SAN JOSE, Calif. and SINGAPORE, Dec. 16, 2013 (GLOBE NEWSWIRE) --... More
