Telematics Weekly

industry insight, news and interviews paid sponsor: Sancomm, Inc. Free Subscription July 29, 2010

Chip designer Broad­com Corp. has boosted its hos­tile takeover offer for net­work gear maker Emulex Corp. to about $912 mil­lion from $764 mil­lion. The new bid made late Mon­day raises that amount to $11 per share and is a 1 per­cent pre­mium to Emulex’s clos­ing stock price on Mon­day. Broad­com has said that the pro­posed deal would help it develop new tech­nolo­gies for cor­po­rate data centers.

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