LSI Logic Announces HSR Clearance to Merge with Agere Systems
Share:
MILPITAS, Calif., Jan. 19 -- LSI Logic Corporation (NYSE:LSI) today announced that the waiting-period under the Hart-Scott- Rodino Antitrust Improvements Act of 1976 with respect to the proposed merger of LSI and Agere Systems Inc. (NYSE:AGR) has expired.
On December 4, 2006, LSI and Agere announced a definitive merger agreement under which the companies will be combined in an all-stock transaction with an equity value of approximately $4.0 billion.
The transaction is subject to the approval of shareholders from both companies as well as customary closing conditions and other regulatory approvals.
The company will provide an update on integration planning progress and expected closing during its regularly scheduled earnings conference call and webcast on January 24, 2007 at 2 pm PST. For access information, please visit www.lsi.com/investors
About LSI Logic
LSI Logic Corporation is a leading provider of silicon-to-system solutions that are used at the core of products that create, store and consume digital information. LSI offers a broad portfolio of capabilities including custom and standard product ICs, host bus and RAID adapters, storage area network solutions and software applications. LSI products enable leading technology companies in the Storage and Consumer markets to deliver some of the most advanced and well-known electronic systems in the market today. More information is available at www.lsi.com
About Agere Systems
Agere Systems is a global leader in semiconductors and software solutions for storage, mobility, and networking markets. The company's products enable a broad range of services and capabilities, from cell phones, PCs, and hard disk drives to the world's most sophisticated wireless and wireline networks. Agere's customers include manufacturers of consumer electronics and communications and computing equipment. Agere works to transform the performance of networks and consumer electronics by integrating systems knowledge and leading technology that enable people to stay connected -- perfecting the connected lifestyle. More information is available at www.agere.com
Source: LSI Logic Corporation
CONTACT:
media
Mitch Seigle,
LSI Logic Corporation,
+1-408-954-3225,
mitch.seigle@lsi.com
investors
Tom Tran,
LSI Logic Corporation,
+1-408-433-8105,
tom.tran@lsi.com
Web site:
http://lsilogic.com/
http://www.agere.com/
