Avago to buy Emulex
February 26, 2015 at 17:43 PM EST
Avago
Technologies Ltd. (Nasdaq: AVGO) impressed with sharply higher first quarter
earnings that more than doubled to surpass estimates and the company
announced plans to acquire Emulex Corp. (NYSE: ELX). Shares of Avago leaped $16.57 to close at $129.25 while Emulex stock soared $1.57 to close at $7.93.
