IRVINE, USA: Broadcom Corp. announced that Fiji Acquisition Corp. has extended its tender offer for all of the currently outstanding shares of common stock (including the associated preferred stock purchase rights) of Emulex Corp. to 11:59 pm, New York City time, on June 17, 2009, unless further extended. The tender offer was previously set to expire at 12:00 midnight, New York City time, on June 3, 2009.
"We believe our all-cash offer of $9.25 net per share reflects a full and fair price for Emulex common stock. It represents a 40 percent premium to the closing price of Emulex common stock on April 20, 2009, the day before Broadcom made public its offer, and a 62 percent premium to the average price of Emulex for the 30 trading days ending on April 20, 2009," said Scott A. McGregor, President and Chief Executive Officer of Broadcom.
As of 6:00 pm, New York City time, on Wednesday, June 3, 2009, approximately 2,267,882 shares of Emulex had been tendered in and not withdrawn from the tender offer.
The complete terms and conditions of the tender offer are set forth in the Offer to Purchase and related Letter of Transmittal, copies of which are available by contacting the Information Agent for the tender offer, Innisfree M&A Inc.
Friday, June 5, 2009
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