Milpitas, Calif.--July 29, 1999--LSI Logic Corp. (Milpitas) announced that it has filed a registration statement for anaggregate principal amount of $287,500,000 of convertible subordinated notesdue 2006, including an over-allotment option. The registration statement alsoincludes the offer of 5,750,000 shares of its common stock, including anover-allotment option. The offering of the convertible subordinated notes due2006 is not contingent upon the sale of the common stock and the offering ofthe common stock is not contingent upon the sale of the convertiblesubordinated notes due 2006. The managing underwriters of the convertiblesubordinated notes offering and common stock offering are Morgan Stanley & Co.Inc., Bancboston Robertson Stephens Inc., J.P. Morgan & Co., Inc., andMerrill Lynch & Co.
The company intends to use the net proceeds of the offerings to repay aportion of the bank debt incurred to acquire Symbios, Inc. in August 1998 andfor general corporate purposes.
A preliminary prospectus relating to each of these offerings, whenavailable, may be obtained from Morgan Stanley & Co. Incorporated,1585 Broadway, 14th Floor, New York, New York 10036.
1551 McCarthy Blvd.
Milpitas, CA 95035
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