NetLogic’s stockholders approve merger agreement with Broadcom

SANTA CLARA, USA: NetLogic Microsystems Inc., a global leader in high performance intelligent semiconductor solutions for next-generation Internet networks, announced today that at a special meeting of NetLogic Microsystems stockholders held on November 22, 2011, its stockholders approved the adoption of the merger agreement among NetLogic Microsystems, Broadcom Corp. and I&N Acquisition Corp., pursuant to which NetLogic Microsystems would be acquired by Broadcom for $50.00 per share in cash.

Of the 69,596,864 shares of NetLogic Microsystems common stock outstanding as of the record date for the special meeting, 55,837,168 shares, or approximately 80.23 percent of NetLogic Microsystems’ outstanding common stock, were represented at the special meeting in person or by proxy. An aggregate of 55,623,503 shares, or approximately 77.92 percent of NetLogic Microsystems’ common stock outstanding as of the record date for the special meeting, were voted in favor of the adoption of the merger agreement.

The completion of the merger remains subject to the satisfaction of certain closing conditions, including the receipt of clearance by the Chinese Ministry of Commerce under the Chinese Antimonopoly Law.