Semiconductor vendor Broadcom 41.9 million US dollars merger SC Square

May 11 news, according to Taiwan media reports, wired and wireless communications semiconductor leader Broadcom (Broadcom) (Nasdaq: BRCM) announced that it has officially signed an agreement to acquire security software developer SC Square, is expected to pay about 41.9 million US dollars ( Assuming net cash) acquire all its outstanding shares and other equity.

SC Square is a security software developer based in Israel. Broadcom said that through this acquisition, it will soon have a technical team with security expertise, and security is an important part of the Broadcom platform. Broadcom's M&A strategy is to obtain innovative technologies and high-quality teams with superior execution capabilities in the past. This merger is part of Broadcom's strategy.

In connection with this merger, Broadcom expects to pay approximately US$41.9 million (assuming net cash) for all outstanding shares and other equity of SC Square Limited, which will be paid in cash. Excluding accounting adjustments and fair value measurements at the time of acquisition, Broadcom expects this acquisition to be diluted to a profit of approximately US$0.01 for 2011. The board of directors of both companies has approved this merger. The transaction is still subject to closing conditions and is expected to close in the second quarter of Broadcom (as of June 30, 2011).