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Avago to buy storage chipmaker LSI for $6.6 billion

16
Dec
2013

(Reuters) – Avago Technologies Ltd, whose chips are used in Apple Inc’s products, will buy LSI Corp for $6.6 billion in cash, the companies said on Monday. The $11.15 per share offer is a 41 percent premium to LSI’s Friday closing price. LSI’s chips are used in storage devices such as hard disks and flash drives. (Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Sriraj Kalluvila)

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