Broadcom ups hostile offer for Emulex; Sets July 14 deadline
June 30th, 2009 |
Broadcom raised its hostile takeover bid for Emulex from $9.25 a share to $11 a share and told its target that it shouldn’t get too cocky about its future prospects. The message from Broadcom: Without a buyout Emulex is unlikely to see $11 a share for a while.
In addition, Broadcom gave Emulex a July 14 [...]
- Source: Between the Lines
- Full article
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