New York, December 16, 2013 -- Moody's Investors Service placed Avago Technologies Finance Pte. Ltd's ("Avago") Baa3 Issuer Rating under review for downgrade. The rating review was prompted by Avago's announced plan for a $6.6 billion acquisition of LSI Corp. ("LSI", not rated), a producer of semiconductors used by the storage and computer networking markets. Moody's expects to conclude the review upon closing of the acquisition, which the company anticipates will occur during the first half of 2014.
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