Broadcom has presented its $764 million cash offer to acquire Emulex in front of the latter’s shareholders, The Wall Street Journal reports. It has offered the same $9.25-a-share bid that Emulex’s directors refused earlier.
Emulex’s board rejected Broadcom’s offer stating it did not reflect its future growth prospects. Emulex won several design contracts away from Broadcom which makes chips for Ethernet storage products.
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