VMware shares are trading higher following a report suggesting that China's State Administration for Market Regulation is expected to grant Broadcom conditional antitrust approval for its acquisition of the company.
Portfolio Pulse from Benzinga Newsdesk
VMware shares are trading higher following a report suggesting that China's State Administration for Market Regulation is expected to grant Broadcom conditional antitrust approval for its acquisition of the company.
October 12, 2023 | 5:27 pm
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POSITIVE IMPACT
Broadcom's acquisition of VMware is expected to receive antitrust approval, which could positively impact Broadcom's stock price.
The expected antitrust approval for Broadcom's acquisition of VMware by China's State Administration for Market Regulation is likely to have a positive impact on Broadcom's stock price. This is because the approval would remove a significant hurdle for the acquisition, making it more likely to proceed, which is perceived positively by the market.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
VMware's stock price is trading higher due to the expected antitrust approval for Broadcom's acquisition of the company.
The news of the expected antitrust approval for Broadcom's acquisition of VMware by China's State Administration for Market Regulation has led to a rise in VMware's stock price. This is because the approval would remove a significant hurdle for the acquisition, making it more likely to proceed, which is perceived positively by the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100