Avago to buy LSI for $6.6 billion

Avago Technologies Ltd. (Nasdaq: AVGO) will buy LSI Corp. for $6.6 billion cash in a deal that includes LSI’s operations in Fort Collins, the companies said Monday.

Avago, which employs about 870 people at its campus at 4380 Ziegler Road in Fort Collins, said it reached an agreement to buy LSI for $11.15 per share.

LSI (Nasdaq: LSI) employs about 175 people at 2001 Danfield Court in Fort Collins, where the San Jose, Calif.,-based semiconductor and software design company conducts engineering as well as research and development activities for storage and network products.

The acquisition will position Avago, also based…