Avago Technologies acquiring Emulex for $606 million

FORT COLLINS – Avago Technologies Ltd. saw its share price surge nearly 6 percent in after-hours trading Wednesday following its quarterly earnings report and news that the company has reached a deal to acquire Emulex Corp.

Avago (Nasdaq: AVGO) – a Singapore and San Jose, Calif.-based company that employs about 1,200 people in Fort Collins – announced that it will pay about $606 million, or $8 per outstanding share of common stock for Costa Mesa, Calif.-based Emulex (NYSE: ELX). The boards of both companies have approved the deal, which is expected to close in the…