U.S. chipmaker, Broadcom, is acquiring Israeli chip developer, Provigent, for $313 million. As part of the deal, Broadcom will pay a portion attributable to certain unvested employee stock options in its restricted stock units. A part of the cash consideration will be placed into escrow pursuant to the terms of the acquisition agreement. The transaction, which is subject to regulatory and customary approvals, is expected to close in Broadcom’s second quarter of 2011.

Click here for the release from Broadcom.