Agere’s shares have been trading below $3 on and off for the past year. The company decided not to pursue a reverse stock split, a move some analysts continue to question.

Lucent narrowed the initial offering price of Agere to a range of $16 to $19 a share from the $15 to $20 range the company set Feb. 7 for the maker of components for telecom equipment, according ...

Agere shareholders will receive 2.16 shares of LSI for each Agere share held, valuing Agere at $22.81 a share. The purchase price represents a 28% premium to Agere’s Friday closing price of $17.79.

Under the deal, Agere shareholders will receive 2.16 shares of LSI stock for each of their Agere shares. Each Agere share will be worth $22.81 based on the closing stock price of LSI last Friday.

SAN FRANCISCO (MarketWatch) --Agere Systems Inc. has sued Microsoft Corp. for allegedly misappropriating trade secrets related to voice-over-Internet technology.