Broadcom courts Emulex (Dealscape

Semiconductor maker Broadcom Corp. on Tuesday proposed buying storage equipment maker Emulex Corp. for $764 million and threatened to go hostile if the target doesn't negotiate.

Irvine, Calif.-based Broadcom, which makes chips for such electronics products as set-top boxes and cell phones, issued a statement expressing hope that a friendly deal with Emulex can be reached. But Broadcom also warned in a letter to Emulex's board that it's going to court to reverse what it described as a recently adopted poison pill provision.

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NOT A SUBSCRIBER? Broadcom courts Emulex Posted on April 21, 2009 1:02 PM Semiconductor maker Broadcom Corp. on Tuesday proposed buying storage equipment maker Emulex Corp. for $764 million and threatened to go hostile if the target doesn't negotiate. Irvine, Calif.-based Broadcom, which makes chips for such electronics products as set-top boxes and cell phones, issued a statement expressing hope that a friendly deal with Emulex can be reached. But Broadcom also warned in a letter to Emulex's board that it's going to court to reverse what it described as a recently adopted poison pill provision. This is a free preview of the content available in The Deal Pipeline. Subscribers enjoy access to the full story, as well as second-to-none research tools. To request a demo, or, if you are an existing user to The Deal Pipeline, log in to your account, please scroll down and click the button. Dig deeper, with Pipeline. 890 in-depth reports of M&A deals in the Technology sector 275 articles related to Broadcom Corp. 118 company pages related to Semiconductors 25 articles related to Emulex Corp. 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Skadden Arps Pinnacle Foods Concho Resources Agrium Inc. Birds Eye Cantor Fitzgerald Credit Suisse Windstream Corp. Goldman Sachs		EXISTING USERS Username Password Forget your password? Missing a product?

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