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Stock Market & Financial Investment News

News Breaks
August 7, 2014
17:04 EDTELXEmulex reports Q4 EPS 7c, consensus 3c
Reports Q4 revenue $99.8M, consensus $96.65M. Reports Non-GAAP gross margins of 66%, unchanged sequentially and up 100 basis points year-over-year, with GAAP gross margins of 58%, unchanged over both periods.
News For ELX From The Last 14 Days
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March 31, 2015
08:35 EDTELXAvago to commence $8 per share cash tender offer for Emulex on April 7
Avago Technologies (AVGO) and Emulex (ELX) announced that Emerald Merger Sub, Inc., a wholly owned indirect subsidiary of Avago, plans to commence its $8.00 per share cash tender offer for all shares of Emulex on April 7. The tender offer is pursuant to a merger agreement among Avago Technologies Wireless Manufacturing, a wholly owned indirect subsidiary of Avago, Purchaser and Emulex which provides for Avago USA to acquire Emulex in an all-cash transaction valued at approximately $606M, or $609Mnet of cash and debt acquired. The tender offer will remain open until 11:59 pm EDT on May 4, unless earlier terminated or extended.

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