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Simpson Thacher is representing Avago Technologies Limited (NASDAQ: AVGO) in connection with its agreement to acquire all of the outstanding shares of PLX Technology, Inc. (NASDAQ: PLXT) for $6.50 in cash per share.  The transaction is structured as a tender offer for all of the outstanding shares of PLX common stock.  If the tender offer is successful, any shares not tendered in the tender offer will be acquired in a second step merger.  The transaction is subject to customary closing conditions, including the tender of at least a majority of the outstanding shares of PLX common stock (on a fully-diluted basis) and receipt of regulatory approvals.

Avago Technologies Limited is a leading designer, developer and global supplier of a broad range of analog semiconductor devices with a focus on III-V based products and complex digital and mixed signal CMOS based devices.  PLX Technology is the industry-leading global provider of semiconductor-based PCI Express connectivity solutions primarily targeting enterprise data center markets.

The Simpson Thacher team who worked on the transaction included: Rich Capelouto, Atif Azher, Cara Angelmar, Jinna Kwak and Jake Mayers (M&A); Tristan Brown and Linda Barrett (Executive Compensation and Employee Benefits); Jeff Ostrow, Joshua Walker, Michelle Morad and Robert Keele (Intellectual Property); Jason Vollbracht and Judy Yan (Tax); and Adeeb Fadil (Environmental).