emulex

Network components manufacturer Emulex Corp. today said its board of directors will review a new takeover bid by Broadcom Corp., which raised its offer from $9.25 per share to $11. That would make the deal worth about $925 million.

Emulex has taken its efforts to avoid a hostile takeover by Broadcom to court, suing the company for unfair business practices and citing the drug-trafficking and securities-fraud indictment of Broadcom's former top executive as proof to its shareholders that Broadcom officials can't be trusted.