Broadcom Wraps Up Dual Acquisitions

Irvine chip developer Broadcom Corp. said Thursday it has completed the acquisitions of BlueSteel Networks Inc. and Digital Furnace Corp. by swapping more than 1.34 million shares for the two companies.

Based on Thursday’s closing price for Broadcom stock, the value of both deals combined was $276.8 million. Broadcom gained 13 cents to end the day at $206.13 a share.

BlueSteel Networks in Mountain View develops high-performance Internet security processors. Digital Furnace in Atlanta develops technology and software that increase the capacity of existing high-speed networks for interactive services.

In completing the acquisitions, Broadcom reserved an additional 217,417 shares of stock to issue for any stock options that are exercised.