MERGER: LSI Corporation [LSI] and Agere Systems [AGR]

Issue:

On 4/2/2007, Agere Systems Inc. was merged into LSI Logic Corporation.

Cause:

This was a normal merger, where each share of Agere Systems Inc. was exchanged for 2.16 shares of LSI Logic Corporation. You can find out more about this transaction on the company website at http://www.lsi.com/news/corporate_news/2007/2007_04_02.html.

Resolution:

To enter a normal merger in Club Accounting, follow the directions found at http://www.iclub.com/support/kb/default.asp?page=normal_merger.
We suggest that you print out the instructions and fill in the blanks from the information below. Here are the items you will need.

1. Transaction Date 4/2/2007
2. Old Security Agere Systems Inc.
3. Merger Ratio 2.16
4. New Security LSI Logic Corporation
5. New Security Ticker Symbol LSI
6. Value per share of New Security on Transaction Date 10.40