Broadcom Willing To Reassess Emulex Bid Price

DEBORAH YAO

Broadcom 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.

In the latest salvo in a bitter takeover attempt, Broadcom Chief Executive Scott McGregor said the company's $9.25-per-share offer for Emulex was based on publicly available information.

"If Emulex can justify a valuation that is not ascertainable from public information, we would consider it," he wrote in an e-mail to Emulex CEO James McCluney that was disclosed in a filing with the Securities and Exchange Commission. ...