Broadcom Provides Regulatory Update On VMware Deal; Continues To Expect Transaction Will Close On Schedule
Portfolio Pulse from Benzinga Newsdesk
Broadcom has received final transaction approval from the UK's Competition and Markets Authority for its deal with VMware. In the US, the pre-merger waiting periods have expired, and there are no legal impediments to closing under US merger regulations. Broadcom is in the advanced stages of obtaining the remaining required regulatory approvals, which it expects to receive before October 30, 2023.
August 21, 2023 | 10:47 am
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POSITIVE IMPACT
Broadcom's deal with VMware has received key regulatory approvals, which is a positive development for the company. The remaining approvals are expected to be received before October 30, 2023.
The news of regulatory approvals for the merger is a positive development for Broadcom. It removes a significant hurdle and brings the company closer to finalizing the deal. This could potentially have a positive impact on Broadcom's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The deal between Broadcom and VMware has received key regulatory approvals, which is a positive development for VMware. The remaining approvals are expected to be received before October 30, 2023.
The news of regulatory approvals for the merger is a positive development for VMware. It removes a significant hurdle and brings the company closer to finalizing the deal. This could potentially have a positive impact on VMware's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100