Broadband integrated circuits manufacturer Broadcom drops its $909 million bid for converged networks developer Emulex after Emulex’s board rejects the sweetened offer.
– Broadcom said July 9 it was dropping its $909
million takeover bid for converged networks developer Emulex. Broadcom
decided to cease its efforts after the Emulex board rejected a sweetened offer June
26 that boosted the original takeover bid from $9.25 a share to $11 per share.
Emulex character…