LSI Logic agrees to acquire Symbios from Hyundai in a $760 million deal

Article Abstract:

Milpitas, Calif.-based LSI Logic Inc. announced it would purchase Symbios Inc., a maker of data-retrieval systems, from South Korea-based Hyundai Electronics Industries Co. for $760 million. The move comes as federal antitrust regulators were set to turn down a proposed offer to buy Symbios from Adeptec Inc., which was determined to already have a sizeable share of the market for devices that connect computers to peripherals such as data storage devices. LSI's purchase is reflective of its bid to broaden its line of semiconductors for computer networks. Hyundai's decision to sell Symbios stemmed from South Korea's troubles amid the Asian economic crisis.

Comment:

LSI Logic to purchase Symbios from South Korea-based Hyundai Electronics Industries for $760 mil

Semiconductor Devices, Semiconductor and Related Device Manufacturing, Capacity, Data Communications ICs, LSI Logic Corp., Hyundai Electronics Industries Company Ltd., Data communications circuits, Symbios Inc.

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Medtronic agrees to buy Physio-Control in a stock deal valued at $538 million

Article Abstract:

Minneapolis-based Medtronic Inc. agreed to buy Physio-Control International Inc., a maker of external defibrillators for reviving victims of cardiac arrest, in a stock worth $538 million. The purchase by Medtronic underscores the company's drive to extend its product lines of defibrillators that are implanted in patients who survive heart attacks. According to the deal, Physio-Control shareholders will receive $27.50 in Medtronic stock for each share of Physio-Control. Richard Martin, chairman and CEO of Physio-Control, will continue as the head of the company.

Comment:

Medtronic to buy Physio-Control for $538 mil in stock in plan to extend its defibrillators line

Electromedical and Electrotherapeutic Apparatus Manufacturing, Surgical Appliance and Supplies Manufacturing, Defibrillators, Surgical Appliances & Supplies, Medical equipment industry, Medtronic Inc., Physio-Control International Corp.

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CHS Electronics reaches accords to buy Vobis, a German retailer of Computers

Article Abstract:

CHS Electronics agreed to acquire the German retailer Vobis Microcomputer AG for $320 million in cash and stock. The acquisition makes CHS Electronics, in terms of revenue, the largest computer distributor in Europe. CHS will now compete in the European market with U.S. rivals Ingram Micro Inc. and Tech Data Corp. CHS will pay Vobis' parent company, Metro AG, $295 million in cash and $25 million in stock. CHS will assume $350 million in Vobis debt. The acquistion underlines the increasing consolidation of the European computer industry.

Comment:

CHS Electronics agreed to buy Vobis Microcomputer AG

Electronic Computer Manufacturing, Germany, Computers & Auxiliary Equip, Vobis Microcomputer AG, CHS Electronics Inc.

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