LSI Stockholders Approve Acquisition by Avago

LSI Corporation announced that its stockholders approved the previously announced merger agreement with Avago Technologies Limited at a special meeting of stockholders.

Upon the closing of the merger, stockholders of LSI will be entitled to receive $11.15 per share in cash, without interest, less any required tax withholding.

Completion of the merger is subject to remaining regulatory approvals in various jurisdictions and customary closing conditions. LSI expects the merger to close in the first half of 2014.

Read also:
LSI Acquired by Avago for $6.6 Billion, in Cash and Loans
Most surprising deal of year and probably of storage history