Edition:
United Kingdom

Broadcom Inc (AVGO.OQ)

AVGO.OQ on NASDAQ Stock Exchange Global Select Market

207.50USD
7:01pm BST
Change (% chg)

$-1.77 (-0.85%)
Prev Close
$209.27
Open
$209.48
Day's High
$209.65
Day's Low
$205.91
Volume
621,169
Avg. Vol
1,474,220
52-wk High
$285.68
52-wk Low
$197.50

Latest Key Developments (Source: Significant Developments)

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

Broadcom Announces Singapore Court Hearing To Approve Scheme Of Arrangement For Redomiciliation
Monday, 26 Mar 2018 

March 26 (Reuters) - Broadcom Ltd ::BROADCOM ANNOUNCES SINGAPORE COURT HEARING ON APRIL 2, 2018 TO APPROVE SCHEME OF ARRANGEMENT FOR REDOMICILIATION.BROADCOM LTD - BROADCOM-SINGAPORE HAS MADE AN APPLICATION TO SINGAPORE COURT TO APPROVE SCHEME OF ARRANGEMENT.BROADCOM LTD - SCHEME OF ARRANGEMENT REMAINS SUBJECT TO APPROVAL BY HIGH COURT OF REPUBLIC OF SINGAPORE.  Full Article

Intel when asked about report of potential bid for Broadcom says 'focus is on integrating' previous acquisitions
Friday, 9 Mar 2018 

March 9 (Reuters) - Intel Corp ::WHEN ASKED ABOUT REPORT OF POTENTIAL BID FOR BROADCOM<<>> SAYS "FOCUS IS ON INTEGRATING' PREVIOUS ACQUISITIONS.INTEL SAYS HAS MADE IMPORTANT ACQUISITIONS OVER THE PAST 30 MONTHS AND WILL FOCUS ON MAKING THEM SUCCESSFUL.INTEL DECLINES TO COMMENT ON SPECULATION RELATED TO MERGERS AND ACQUISITIONS.  Full Article

Sanctions blamed as Silicon Valley firms won't ship some kit to Russia

MOSCOW, July 27 Two Silicon Valley firms have stopped shipping some electronic components to Russian customers even though they are not on the list of firms subject to U.S. sanctions, according to sources who work in the sector and a document seen by Reuters.