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Broadcom Completes BroadLight Acquisition

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4/5/2012 4:13 PM ET

Broadcom Corp. (BRCM: Quote) said Thursday that it has completed its acquisition of BroadLight, Inc., a provider of highly integrated networking and fiber access PON processors.

Broadcom paid about $195 million subject to certain adjustments, net of cash assumed, to acquire all of the outstanding shares of capital stock and other equity rights of BroadLight. Additional consideration was reserved for future payment upon satisfaction of certain performance goals.

Excluding any purchase accounting related adjustments or fair value measurements, Broadcom expects the acquisition of BroadLight to be approximately neutral to earnings per share in 2012.

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by RTT Staff Writer

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