This morning, Avago Technologies (NASDAQ:AVGO) announced it will be acquiring LSI Corp (NASDAQ:LSI) in a deal worth $6.6 billion. Shareholders of LSI will receive $11.15 per share in cash when the deal closes, a 41% premium to Friday's closing value. On the news, shares of LSI were higher by more than 38% so far, while shares of Avago Technologies advanced 8.8% today.
Also announced this morning was that AIG (NYSE:AIG) would sell its aircraft leasing unit to AerCap Holdings (NYSE:AER) in a deal worth approximately $5.4 billion. AIG will receive $3 billion in cash and the remaining portion in newly issued AerCap common shares. When the deal closes, AIG will own approximately 46% of AerCap Holdings. On the news, shares of AIG advanced 1.4% and AerCap surged 32%.
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