Broadcom And VMware Announce October 23, 2023, Election Deadline For VMware Stockholders To Elect Merger Consideration
Portfolio Pulse from Benzinga Newsdesk
Broadcom (AVGO) and VMware (VMW) have announced an election deadline of October 23, 2023, for VMware stockholders to elect merger consideration. The transaction is expected to close on October 30, 2023.
October 18, 2023 | 12:07 pm
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NEUTRAL IMPACT
Broadcom's merger with VMware is progressing as planned, with a key deadline set for October 23, 2023. The transaction is expected to close a week later.
The announcement of the election deadline is a key step in the merger process, indicating that the transaction is progressing as planned. However, the impact on Broadcom's stock price in the short term is uncertain as it will depend on the decisions of VMware's stockholders and the final terms of the merger.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
VMware's stockholders have until October 23, 2023, to elect merger consideration with Broadcom. The transaction is expected to close on October 30, 2023.
The announcement of the election deadline is a key step in the merger process, indicating that the transaction is progressing as planned. However, the impact on VMware's stock price in the short term is uncertain as it will depend on the decisions of its stockholders and the final terms of the merger.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100