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Analog chip designer Avago Technologies (AVGO) announced Monday that it will acquire storage and networking chipmaker LSI (LSI) for $6.6 billion in cash, sending Avago stock to an all-time high. Avago will pay $11.15 a share for LSI, a 41% premium over LSI’s closing price on Friday. LSI stock was up 39%, near 11, in afternoon trading in the stock market today. Avago stock was up 9%, near 50, in afternoon trading Monday. The deal will add Scalper1 News
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