Broadcom's Acquisition of VMware Nears Completion, Clearing Global Legal Hurdles
Portfolio Pulse from Benzinga Newsdesk
Broadcom Inc. (NASDAQ:AVGO) and VMware, Inc. (NYSE:VMW) have announced that Broadcom's acquisition of VMware is expected to close soon. The companies have received legal merger clearance in multiple jurisdictions, including the US. VMware stockholders will receive either $142.50 in cash or 0.2520 of a share of Broadcom common stock for each share of VMware common stock held.
October 30, 2023 | 9:11 am
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POSITIVE IMPACT
Broadcom's acquisition of VMware is nearing completion, which could potentially strengthen Broadcom's market position and diversify its product portfolio.
The acquisition of VMware could potentially strengthen Broadcom's market position and diversify its product portfolio. This could lead to increased investor confidence and a potential increase in Broadcom's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
VMware stockholders will receive either $142.50 in cash or 0.2520 of a share of Broadcom common stock for each share of VMware common stock held, as the acquisition by Broadcom nears completion.
The acquisition by Broadcom is nearing completion, and VMware stockholders will receive either cash or Broadcom stock. This could lead to a neutral impact on VMware's stock price as the acquisition has been expected and likely already priced in.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100