Broadcom bids to buy Emulex

摘要

Following a rejection of efforts to purchase the company in January Broadcom last week made an unsolicited bid to purchase Emulex for $764 million.rnThis marks the latest industry move in a data center convergence frenzy involving everyone from Cisco to HP rnBroadcom sent a letter to Emulex's board of rndirectors offering to buy all outstanding shares of Emulex common stock for $9.25 per share, a 40% premium of the closing price of Emulex's stock on Monday according to Broadcom.