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BROADCOM (BRCM) BUYS NETLOGIC (NETL)

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Broadcom (BRCM) is acquiring  NetLogic  (NETL) for approximately $3.7 billion.   NetLogic share holders will receive $50 per share.  

Broadcom expects the acquisition to be accretive by approximately $1.10.   Broadcom also reaffirmed its business outlook for Q3.

Those holding NetLogic may consider continuing to hold it until the acquisition closes.  

Broadcom is on our buy list and we will provide an  actionable signal on the Real Time Feed of the ZYX Buy Change Alert when it is time to buy Broadcom.

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