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Global Industries Ltd. (GLBL: News ) is surging nearly 53 percent to $7.86 as it agreed to be acquired by French oil and gas services provider Technip SA (TKPPY.PK, TNHPF.PK) for $8 per share in cash. The transaction values Global Industries at $1.07 billion, including about $136 million of net debt.

NetLogic Microsystems, Inc. (NETL: News ) is jumping 50 percent to $47.95 as Broadcom Corp. (BRCM) agreed to buy the company for $50 per share in a transaction of approximately $3.7 billion, net of cash assumed. Broadcom said this acquisition meaningfully extends its infrastructure portfolio with a number of critical new product lines and technologies.

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