Avago In $6.6 Billion Deal To Acquire LSI

Mani

Published onDecember 16, 2013

Updated on May 13, 2021

Avago Technologies Ltd (NASDAQ:AVGO) said today it would acquire LSI Corp (NASDAQ:LSI) for $6.6 billion with the help of a former owner.

This is the biggest acquisition in the history of Avago whose chips are used in Apple Inc. (NASDAQ:AAPL)’s products.

Silverlake Partners to support the deal

The semi-conductor company Avago Technologies Ltd (NASDAQ:AVGO) turned to Silverlake who would invest $1 billion through a convertible note, supplementing a $4.6 billion loan from a group of banks. Silverlake’s seven-year note carries a coupon of 2% and converts to common stock at a price of...

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

Avago In $6.6 Billion Deal To Acquire LSI

Silverlake Partners to support the deal

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