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Seagate Technology to acquire LSI's Flash Businesses From Avago


Thursday, 29 May 2014 07:49am EDT 

Seagate Technology PLC:Enters into definitive asset purchase agreement under which Seagate to acquire the assets of LSI's Accelerated Solutions Division and Flash Components Division from Avago for $450 mln in cash.Transaction is expected to close in the third quarter of calendar year 2014.