Avago acquires PLX for 309 million
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POSTER: computer news || AVAGO ACQUIRES PLX FOR 309 MILLION |
DATE:2014-06-24 |
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Late last year, it was announced that Avago, supplier of a variety of analog semiconductor products will pay for LSI company over $ 6 billion. According to the newspaper The Wall Street Journal, the next acquisition will be the company Avago PLX, which specializes mainly on switches PCI Express, USB-controllers and other communication solutions. Under the agreement between the companies Avago redeem all shares of PLX at $ 6.5 per share, the total amount of the transaction is $ 309 million. PLX board members and major shareholders - investment companies Potomac Capital Partners II and Discovery Group I - have already approved the deal, but the purchase must go through approval of the antimonopoly authorities in different countries. It is expected that the transaction will close by the end of the third quarter, which Avago calendar coincides with the end of the fiscal year 2014. | ||
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AVAGO ACQUIRES PLX FOR 309 MILLION |
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