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Broadcom Inc (AVGO.OQ)

AVGO.OQ on NASDAQ Stock Exchange Global Select Market

254.98USD
12 Dec 2018
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Latest Key Developments (Source: Significant Developments)

Broadcom Inc - James Diller stepped down from his position as chairman of board and chairman of executive committee - SEC Filing
Thursday, 6 Dec 2018 

Dec 6 (Reuters) - Broadcom Inc ::JAMES V. DILLER STEPPED DOWN FROM HIS POSITION AS CHAIRMAN OF BOARD AND CHAIRMAN OF EXECUTIVE COMMITTEE - SEC FILING.BROADCOM - ALSO ON DEC 5, 2018, BOARD ELECTED HENRY SAMUELI, PH.D., AN EXISTING DIRECTOR, AS CHAIRMAN OF BOARD AND CHAIRMAN OF EXECUTIVE COMMITTEE.SAMUELI ALSO INFORMED BOARD THAT HE WILL DECLINE ALL COMPENSATION FOR HIS SERVICE ON BOARD AND AS ITS CHAIRMAN.DILLER WILL CONTINUE TO SERVE AS A DIRECTOR AND AS A MEMBER OF COMPENSATION AND EXECUTIVE COMMITTEES UNTIL 2019 ANNUAL MEETING.BOARD ELECTED EDDY W. HARTENSTEIN, AN EXISTING DIRECTOR, AS LEAD INDEPENDENT DIRECTOR, A NEWLY CREATED POSITION.SETS QUARTERLY CASH DIVIDEND OF $2.65PER SHARE.BOARD INCREASED CURRENT SHARE REPURCHASE PROGRAM BY AUTHORIZING REPURCHASE OF UP TO AN ADDITIONAL $6.0 BILLION - SEC FILING.AGGREGATE REMAINING SHARE REPURCHASE AUTHORIZATION IS APPROXIMATELY $10.2 BILLION AS OF THE DATE HEREOF.ON DECEMBER 5, JAMES V. DILLER NOTIFIED BOARD HE WILL NOT BE STANDING FOR RE-ELECTION AS DIRECTOR AT 2019 ANNUAL MEETING.  Full Article

Broadcom Faces EU Antitrust Scrutiny In Dominance Probe - Bloomberg
Thursday, 25 Oct 2018 

Oct 24 (Reuters) - :BROADCOM FACES EU ANTITRUST SCRUTINY IN DOMINANCE PROBE - BLOOMBERG.  Full Article

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

US STOCKS-Tech stocks pull Wall St lower, offseting jobs data bump

* Indexes drop: Dow 0.18 pct, S&P 0.26 pct, Nasdaq 0.66 pct (Updates to open)