LSI Logic Completes Symbios Acquisition

LSI Logic Corporation and Hyundai Electronics America (HEA) announced that LSI Logic's $760 million purchase of Symbios Inc. is now final, following the necessary regulatory review by the Federal Trade Commission.

During the coming weeks and months, LSI Logic and Symbios management and employees will work together to develop strategies to ensure the smooth integration of the combined strengths of the two companies. The $760 million acquisition of all the outstanding capital stock of Symbios, including assumed liabilities, payable in cash, is expected to be accretive to LSI Logic's earnings per share in 1999.