MILPITAS, Calif., March 29 / -- LSI Logic Corporation (NYSE:LSI) announced that it has obtained the required LSI shareholder approval of the previously announced merger with Agere Systems (NYSE:AGR) at a special meeting held today.
The merger transaction is expected to close on Monday, April 2, 2007 subject to the satisfaction of closing conditions.
On December 4, 2006, LSI and Agere announced a definitive merger agreement under which the companies will be combined in an all-stock transaction. Agere shareholders will receive 2.16 shares of LSI common stock for each share of Agere common stock.
About LSI Logic
LSI Logic Corporation (NYSE:LSI) 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 http://www.lsi.com/.
All LSI Logic news releases (financial, acquisitions, manufacturing, products, technology etc.) are issued exclusively by PR Newswire and are immediately thereafter posted on the company's external website, http://www.lsi.com/.
The LSI Logic logo design is a registered trademark of LSI Logic Corporation. All other brand or product names may be trademarks or registered trademarks of their respective companies.
Source: LSI Logic Corporation
CONTACT:Media, Mitch Seigle, +1-408-954-3225, firstname.lastname@example.org, Investors, Tom Tran, +1-408-433-8105, email@example.com, both of LSI Logic Corporation
Web site: http://www.lsi.com/