M&A
confidence high
sentiment positive
materiality 0.85
Broadcom and VMware expect imminent deal close; 96% of VMware holders elected stock consideration
Broadcom Inc.
- Deal expected to close prior to merger agreement expiration; all required regulatory clearances obtained in Australia, Brazil, EU, UK, and others.
- VMware stockholders of record: ~96% elected stock consideration; after proration, ~52.1% get 0.2520 Broadcom shares per VMW share and ~47.9% get $142.50 cash.
- The remaining ~4% who elected cash or didn't elect will receive $142.50 cash per share.
- No legal impediment to closing under U.S. merger regulations.