<p>Broadcom will pay $50 per share for each NetLogic share, a premium of 57 per cent over NetLogic’s Friday close of $31.91 on Nasdaq. <br /><br />Broadcom expects the deal to add 10 cents a share to its earnings on an adjusted basis in 2012.<br /><br />The companies said the transaction has been approved by their respective boards and it is expected to close in the first half of 2012.<br /><br />Broadcom reiterated that it expects third-quarter revenue around the middle of the previously given range of $1.9 billion to 2 billion with product gross margins flat to slightly higher.<br /><br />Broadcom expects to have around $4.2 billion in cash on hand by the end of third quarter up from around $3.8 billion at the end of the second quarter.</p>
<p>Broadcom will pay $50 per share for each NetLogic share, a premium of 57 per cent over NetLogic’s Friday close of $31.91 on Nasdaq. <br /><br />Broadcom expects the deal to add 10 cents a share to its earnings on an adjusted basis in 2012.<br /><br />The companies said the transaction has been approved by their respective boards and it is expected to close in the first half of 2012.<br /><br />Broadcom reiterated that it expects third-quarter revenue around the middle of the previously given range of $1.9 billion to 2 billion with product gross margins flat to slightly higher.<br /><br />Broadcom expects to have around $4.2 billion in cash on hand by the end of third quarter up from around $3.8 billion at the end of the second quarter.</p>