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Broadcom Inc (AVGO.OQ)

AVGO.OQ on NASDAQ Stock Exchange Global Select Market

228.28USD
19 Oct 2018
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Latest Key Developments (Source: Significant Developments)

Broadcom Says DoD Memo asking For CA Deal Review Is Forged
Wednesday, 10 Oct 2018 

Oct 10 (Reuters) - Broadcom Inc ::BROADCOM ISSUES STATEMENT.BROADCOM INC - HAVE A "CLEAR PATH TO COMPLETING TRANSACTION" IN FOURTH CALENDAR QUARTER OF 2018.BROADCOM INC - HAVE RECEIVED HART-SCOTT-RODINO CLEARANCE & APPROVAL OF CA SHAREHOLDERS.BROADCOM SAYS HAVE BEEN INFORMED BY DOD OFFICIALS THAT MEMO REFERENCING POSSIBLE NEED FOR REVIEW OF CO'S ACQUISITION OF CA IS A "FORGED DOCUMENT".BROADCOM INC - HAVE LEARNED A "FRAUDULENT" MEMO PURPORTED TO BE SIGNED BY U.S. DOD IS CIRCULATING AMONG SENATORS AND MEMBERS OF CONGRESS.BROADCOM INC - "THERE IS NO BASIS IN FACT OR LAW FOR CFIUS REVIEW OF OUR PENDING TRANSACTION" WITH CA.  Full Article

Broadcom Announces Hart-Scott-Rodino Approval For Proposed Acquisition Of CA Technologies
Friday, 24 Aug 2018 

Aug 24 (Reuters) - Broadcom Inc ::BROADCOM ANNOUNCES HART-SCOTT-RODINO APPROVAL FOR PROPOSED ACQUISITION OF CA TECHNOLOGIES.BROADCOM ANNOUNCES HART-SCOTT-RODINO APPROVAL FOR PROPOSED ACQUISITION OF CA TECHNOLOGIES.BROADCOM INC - CLOSING OF TRANSACTION IS EXPECTED TO OCCUR IN FOURTH CALENDAR QUARTER OF 2018.  Full Article

CA To Pay Broadcom A Merger Termination Fee Of $566 Mln Under Specified Circumstances
Thursday, 12 Jul 2018 

July 12 (Reuters) - Broadcom Inc ::BROADCOM INC - UPON TERMINATION OF MERGER AGREEMENT UNDER SOME SPECIFIED CIRCUMSTANCES, CA TO PAY CO A TERMINATION FEE OF $566 MILLION - SEC FILING.BROADCOM - DEAL INCLUDES TERMINATION RIGHTS FOR CO AND CA TO TERMINATE MERGER IF DEAL NOT COMPLETED BY JAN 11, 2019 UNLESS OTHERWISE EXTENDED.  Full Article

Broadcom To Acquire CA Technologies For $18.9 Billion In Cash
Wednesday, 11 Jul 2018 

July 11 (Reuters) - Broadcom Inc ::BROADCOM TO ACQUIRE CA TECHNOLOGIES FOR $18.9 BILLION IN CASH.SAYS DEAL FOR $44.50 PER SHARE.SAYS DEAL EXPECTED TO DRIVE BROADCOM'S LONG-TERM ADJUSTED EBITDA MARGINS ABOVE 55% AND BE IMMEDIATELY ACCRETIVE TO BROADCOM'S NON-GAAP EPS.SAYS ALL-CASH TRANSACTION REPRESENTS AN EQUITY VALUE OF APPROXIMATELY $18.9 BILLION.SAYS TRANSACTION IS EXPECTED TO DRIVE BROADCOM'S LONG-TERM ADJUSTED EBITDA MARGINS ABOVE 55%.SAYS ALL-CASH TRANSACTION REPRESENTS AN ENTERPRISE VALUE OF APPROXIMATELY $18.4 BILLION.SAYS BROADCOM INTENDS TO FUND TRANSACTION WITH CASH ON HAND AND $18.0 BILLION IN NEW, FULLY-COMMITTED DEBT FINANCING.SAYS CAREAL PROPERTY GROUP AG AND AFFILIATES HAVE ENTERED INTO A VOTING AGREEMENT TO VOTE IN FAVOR OF TRANSACTION.SAYS AGREEMENT HAS BEEN APPROVED BY BOARDS OF DIRECTORS OF BOTH COMPANIES.SAYS CAREAL PROPERTY GROUP AG AND AFFILIATES COLLECTIVELY OWN ABOUT 25% OF OUTSTANDING SHARES OF CA COMMON STOCK.  Full Article

Broadcom nears deal to buy CA Technologies for about $18 bln - CNBC, Citing DJ
Wednesday, 11 Jul 2018 

July 11 (Reuters) - :BROADCOM NEARS DEAL TO BUY CA TECHNOLOGIES FOR ABOUT $18 BILLION - CNBC, CITING DOW JONES.  Full Article

Broadcom Extends Server Storage In Collaboration With Hewlett Packard Enterprise
Wednesday, 20 Jun 2018 

June 20 (Reuters) - Broadcom Inc ::BROADCOM EXTENDS SERVER STORAGE IN COLLABORATION WITH HEWLETT PACKARD ENTERPRISE.  Full Article

Broadcom Inc Q2 Earnings Per Share $8.33 Including Items
Thursday, 7 Jun 2018 

June 7 (Reuters) - Broadcom Inc ::ANNOUNCES SECOND QUARTER FISCAL YEAR 2018 FINANCIAL RESULTS AND QUARTERLY DIVIDEND.Q2 EARNINGS PER SHARE $4.88 FROM CONTINUING OPERATIONS.Q2 EARNINGS PER SHARE $8.33 INCLUDING ITEMS.Q2 EARNINGS PER SHARE VIEW $4.76 -- THOMSON REUTERS I/B/E/S.Q2 REVENUE $5.014 BILLION VERSUS I/B/E/S VIEW $5 BILLION.SETS QUARTERLY DIVIDEND OF $1.75PER SHARE.CAPITAL EXPENDITURES FOR THIRD FISCAL QUARTER ARE EXPECTED TO BE APPROXIMATELY $125 MILLION.BROADCOM - SEES Q3 NET REVENUE $5,047 MILLION +/-$75 MILLION.SEES Q3 GAAP GROSS MARGIN 50.75%, +/-1%.BROADCOM - SEES Q3 NON-GAAP NET REVENUE $5,050 MILLION +/-$75 MILLION.SEES Q3 NON-GAAP GROSS MARGIN 66.5%, +/-1%.Q3 EARNINGS PER SHARE VIEW $4.57, REVENUE VIEW $5.06 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Silver Lake Group Reports Open Market Purchase Of 344,761 Shares Of Broadcom On April 13
Tuesday, 17 Apr 2018 

April 17 (Reuters) - Silver Lake Group::SILVER LAKE GROUP LLC REPORTS OPEN MARKET PURCHASE OF 344,761 SHARES OF BROADCOM INC ON APRIL 13 - SEC FILING.  Full Article

Broadcom Announces $12 Billion Share Repurchase Authorization
Thursday, 12 Apr 2018 

April 12 (Reuters) - Broadcom Ltd ::BROADCOM ANNOUNCES $12 BILLION SHARE REPURCHASE AUTHORIZATION.AUTHORIZATION IS EFFECTIVE IMMEDIATELY UNTIL NOVEMBER 3, 2019, END OF BROADCOM'S FISCAL YEAR 2019.BROADCOM - MAINTAINING POLICY OF DELIVERING 50 PCT OF TRAILING 12-MONTH FREE CASH FLOW TO SHAREHOLDERS IN FORM OF DIVIDENDS.  Full Article

Broadcom Completes Redomiciliation To The United States
Wednesday, 4 Apr 2018 

April 5 (Reuters) - Broadcom Ltd ::BROADCOM COMPLETES REDOMICILIATION TO THE UNITED STATES.EXISTING CO-HQ IN SAN JOSE, CALIFORNIA WILL BECOME CO'S SOLE HQ AS A U.S. CORPORATION.BROADCOM INC COMMON STOCK WILL BEGIN TRADING ON APRIL 5 AND COMPANY'S TRADING SYMBOL ON NASDAQ WILL REMAIN UNCHANGED AS "AVGO".  Full Article

UPDATE 1-Qualcomm, FTC ask judge to delay ruling to pursue settlement

Oct 15 Qualcomm Inc and the U.S. Federal Trade Commission on Monday asked a federal judge to delay a preliminary ruling in an antitrust case U.S. regulators brought against the mobile chip company in order to pursue settlement talks.