Ad
Ad
Ad
Ad
Ad
Ad
Electronics Production | April 26, 2011

Broadcom completes acquisition of Provigent

Broadcom has completed the acquisition of Provigent Inc., a provider of highly integrated, high performance, mixed signal semiconductors for microwave backhaul systems.
In connection with the acquisition, Broadcom paid approximately USD 313 million, net of cash assumed, to acquire all of the outstanding shares of capital stock and other rights of Provigent. The purchase price was paid in cash, except that a portion attributable to certain holders of unvested employee stock options will be provided in the form of Broadcom equity awards.

A portion of the cash consideration payable to the stockholders was placed into escrow. Excluding any purchase accounting related adjustments and fair value measurements, Broadcom expects the acquisition of Provigent to be approximately neutral to earnings per share in 2011.

Comments

Please note the following: Critical comments are allowed and even encouraged. Discussions are welcome. Verbal abuse, insults and racist / homophobic remarks are not. Such comments will be removed.
Further details can be found here.
Ad
Ad
Ad
Ad
Load more news
October 15 2018 11:56 pm V11.6.0-2