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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| El Oro Ltd | LSE:ELX | London | Ordinary Share | GG00B77Q7194 | ORD NPV |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 65.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Oct 2019 to Oct 2024
Emulex Corp. (ELX) Chief Executive Jim McCluney said the Emulex board of directors is reviewing the unsolicited acquisition offer from Broadcom Corp. (BRCM), but it is premature to comment further at this time.
"The board of directors is conducting a thorough process to review the proposal," McCluney said during a conference call to discuss the company's third-quarter earnings. "As such, we are not going to discuss questions on the proposal."
Last week, Broadcom launched an unsolicited bid to acquire Emulex for about $764 million, or $9.25 a share, a 40% premium to Emulex's closing price before the deal was announced.
According to Broadcom, Emulex rejected earlier advances and, in January, Emulex installed protections against hostile takeover offers.
Emulex makes a networking technology used in computer storage networks called fibre-channel. Analysts say the ability to sell fibre-channel along with Broadom's ethernet products would help Broadcom expand its footprint in networked storage.
Emulex shares were down 0.2% to $10.29 after hours.
-By Jerry A. DiColo, Dow Jones Newswires; 201-938-5670; jerry.dicolo@dowjones.com
1 Year El Oro Chart |
1 Month El Oro Chart |
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