US Broadcom, NetLogic Microsystems to tie up.
12 September 2011 - US communications semiconductor provider Broadcom Corporation (NASDAQ:BRCM) and next generation networks semiconductor firm NetLogic Microsystems Inc (NASDAQ:NETL) announced today that they had signed a merger agreement.
Under the deal, NetLogic Microsystems shareholders would receive USD50 (EUR36.65) per share, or total of about USD3.7bn, net of cash assumed, the two parties said in a joint press release.
The merger will add new technologies to Broadcom's portfolio, including knowledge-based processors, multi-core embedded processors and digital front-end processors, the buyer said. Thus the company would be able to deliver seamless integrated network infrastructure platforms to its customers faster and at reduced prices.
The transaction is subject to clearance by regulators NetLogic Microsystems' stockholders, among other conditions. It's closure is expected in the first half of 2012. Broadcom sees the deal to increase its non-GAAP earnings per share by almost USD0.10 next year.Country: , USASector: Telecommunications, ElectronicsTarget: NetLogic Microsystems IncBuyer: Broadcom CorporationDeal size in USD: 3.7bnType: Corporate acquisitionStatus: Agreed