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Avago Technologies Announces Completion of Debt Tender Offer.


SINGAPORE & SAN JOSE San Jose, city, United States
San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850.
, Calif. -- Avago Technologies Avago Technologies is an American company which was earlier the semiconductor products division of HP and later Agilent Technologies, before being spun off into a distinct legal entity. It holds more than 2,000 patents. , a leading supplier of analog interface components for communications, industrial and consumer applications, announced today the expiration of its previously announced tender offer to purchase a portion of the 10-1/8% Senior Notes due 2013 (the "Notes") issued by Avago Technologies Finance Pte. Ltd. and two subsidiary co-issuers (CUSIP CUSIP

See: Committee on Uniform Securities Identification Procedures


CUSIP

See Committee on Uniform Securities Identification Procedures.
 Nos. 05336XAD XAD Experimental and Developmental 3 and U05212AA0). The tender offer expired at 12:00 midnight, New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
 time, on April 19, 2007.

As of the expiration date Expiration Date

The day on which an options or futures contract is no longer valid and, therefore, ceases to exist.

Notes:
The expiration date for all listed stock options in the U.S.
 of the tender offer, $76,879,000 aggregate principal amount of the Notes, or 15.4% of the outstanding $500,000,000 aggregate principal amount of the Notes, had been validly tendered. Based upon the prices submitted in the tender offer via "Modified Dutch Auction Dutch Auction

An auction where the price on an item is lowered until it gets its first bid, and then the item is sold at that price.

Notes:
The U.S. Treasury (and other countries) uses a Dutch auction when it sells securities.
" procedure described in the Offer to Purchase dated March 23, 2007, Avago has accepted for payment all $76,879,000 aggregate principal amount of the Notes tendered at a tender offer price of $1,060.00 per $1,000 principal amount of Notes. All holders who validly tendered Notes at or prior to 5:00 p.m., New York City time, on April 5, 2007 will be paid an additional $30.00 per $1,000 principal amount of Notes accepted for payment. All Notes accepted for payment also will be entitled to receive accrued and unpaid interest up to, but not including, the settlement date, which Avago expects will be today.

This press release does not constitute an offer to purchase or the solicitation of an offer to sell any of the Notes. The tender offer was made in accordance with the terms and subject to the conditions specified in the Offer to Purchase and the Letter of Transmittal Letter of Transmittal

A document used by security holder to accompany certificates surrendered in an exchange or other corporate action.
 relating to relating to relate prepconcernant

relating to relate prepbezüglich +gen, mit Bezug auf +acc 
 the tender offer, dated March 23, 2007. Lehman Brothers Lehman Brothers Holdings Inc. (NYSE: LEH), founded in 1850, is a diversified, global financial services firm. It is a participant in investment banking, equity and fixed income sales, research and trading, investment management, private equity, and private banking.  Inc. acted as sole dealer manager and D.F. King & Co., Inc. acted as information agent and tender agent in connection with the tender offer.

Meaningful Cautionary Statement Regarding Forward-Looking Statements

This announcement and supporting materials may contain "forward-looking statements" which address our expected future business and financial performance, and typically contain words such as "expects," "anticipates," "estimates," "intends," "plans," "believes," "seeks," or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For Avago, particular uncertainties which could adversely or positively affect future results include cyclicality in the semiconductor industry or in our end markets; fluctuations in interest rates; our ability to generate cash sufficient to service our debt and to fund our research and development, capital expenditures and other business needs; our continued dependence on outsourced service providers for certain key business services; our competitive performance and ability to continue achieving design wins with our customers; and other events and trends on a national, regional and global scale, including those of a political, economic, business, competitive and regulatory nature. These uncertainties may cause our actual future results to be materially different than those we express in our forward-looking statements; accordingly, we caution you not to place undue reliance on these statements. Our Registration Statement on Form F-4 filed with the U.S. Securities and Exchange Commission ("SEC") on January 8, 2007, recent Reports on Form 6-K, and other Avago filings with the SEC (which you may obtain for free at the SEC's website at http://www.sec.gov) discuss some of the important risks that may affect our business, results of operations and financial condition. These forward-looking statements are made only as of the date of this communication and Avago undertakes no obligation to update or revise these forward-looking statements.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Apr 20, 2007
Words:591
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