Broadcom raises hostile takeover offer for Emulex to about $912 million from $764 millionIRVINE, Calif. — Chip designer Broadcom Corp. has boosted its hostile takeover offer for network gear maker Emulex Corp. to about $912 million from $764 million. Advisory firm backs Emulex board in Broadcom’s hostile takeover bidNEW YORK — The proxy advisory firm Glass Lewis & Co. has come down against a proposal by Broadcom Corp. that would allow a special meeting of Emulex Corp. shareholders to discuss Broadcom’s takeover offer. Broadcom says it’s willing to reassess takeover bid price for Emulex, if it gets private dataBroadcom Corp. could reassess the price of its unsolicited takeover of Emulex Corp., which had called its $764 million offer as inadequate, if given nonpublic information to justify a new bid, according to a regulatory filing made Tuesday. |