Law Practice
Jun. 9, 2009
Emulex Takeover Defense Harkens Back to ′80s
Emulex Corp.'s decision to fend fight a hostile takeover by dredging up the criminal case against Henry Nicolas, the founder of unwanted suitor Broadcom Corp., is reminiscent of M&A fights 25 years ago, experts say.
Special to the Daily Journal LOS ANGELES - Broadcom Corp.'s takeover bid for Emulex Corp. might be hostile, but the target company's latest defense strategy is even more so. In a lawsuit filed last month in Orange County Superior Court, Emulex sought to block Irvine chipmaker Broadcom from taking over the smaller, Costa Mesa-based data network firm. Emulex, represented by David Battaglia of Gibson, Dunn & Crutcher, accused ...
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