VMware shares are trading higher after Broadcom received conditional EU approval to complete its acquisition of the company.
Portfolio Pulse from Benzinga Newsdesk
VMware shares are trading higher following the conditional EU approval of Broadcom's acquisition of the company.
July 12, 2023 | 6:22 pm
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POSITIVE IMPACT
VMware's stock price is likely to increase in the short term due to the EU's conditional approval of Broadcom's acquisition.
The news of the EU's conditional approval of Broadcom's acquisition of VMware is directly related to VMware and is likely to have a positive impact on its stock price in the short term. Investors may see this approval as a positive sign for the company's future, leading to increased demand for the stock and a subsequent rise in its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100