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ELECTRONICS
Untitled Page Published: June 03, 2009 10:37 AM



Emulex, Broadcom battle, continued ...

McGregor continues, saying the bid represents a 40 percent premium to the closing price of Emulex common stock on April 20, as well as a 62 percent premium to the average price of Emulex for the 30 days that ended April 20.

The company also renewed its call for Emulex stockholders to consent to proposals that would allow them to hold a meeting and voice their opinions on the offer.

Broadcom argues that if the two companies combined, they would be well positioned for growth in the coming years, and McGregor questions Emulex's ability to standalone in the future.

Emulex has not yet responded to the latest developments.

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