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LSI Logic buying C-Cube

Mon, 04/30/2001 - 8:00pm
Staff

LSI Logic Corp. will acquire C-Cube Microsystems Inc. in an all-stock transaction valued at $878 million. Under terms of the transaction announced in March, each outstanding share of C-Cube common stock will be exchanged for 0.79 of a share of LSI Logic common stock. The deal should be completed by June, according to LSI Logic.

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