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Broadcom To Pay $3.7 Billion To Purchase NetLogic (NASDAQ: BRCM) (NASDAQ:NETL)
Broadcom announced its intentions to purchase NetLogic Microsystems for the sum of $3.7 billion, making this purchase Broadcom’s largest acquisition to date. Paying $50 per share for the company, who makes chips for wireless devices, Broadcom is paying a 57% premium to NetLogic’s Friday closing price. As the news was announced, shares of Broadcom retreated by 4% as shares of NetLogic surged...


