Broadcom To Be Acquired By Avago In Record Tech Deal

The transaction is expected to close by the end of the first calendar quarter of 2016 and is subject to regulatory approvals in various jurisdictions, as well as the approval of Avago?s and Broadcom?s shareholders. Once the deal is concluded, Broadcom shareholders will own approximately 32% of the combined company. Broadcom?s shares are up almost 15% since the deal was announced on May 28th.