Vmware shares are trading higher after UK CMA provisionally cleared Broadcom's deal To buy Vmware.
Portfolio Pulse from Benzinga Newsdesk
UK's Competition and Markets Authority (CMA) has provisionally approved Broadcom's acquisition of Vmware. This has led to an increase in Vmware's share price.
July 19, 2023 | 11:32 am
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Vmware's shares are trading higher following the provisional approval of its acquisition by Broadcom by the UK CMA.
The provisional approval of the acquisition by Broadcom is a positive development for Vmware. This approval reduces the uncertainty surrounding the deal, which is likely why Vmware's share price has increased.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100