Baird Downgrades Broadcom (BRCM) to Neutral
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Avago Technologies to Acquire Broadcom for $37 Billion
May 28, 2015 7:00 AM EDTCreates the world's leading diversified communications semiconductor company Transaction consideration of $17 billion in cash and equity valued at approximately $20 billion as of May 27, 2015 $750 million of projected annual cost synergies expected to be achieved within 18 months Immediately accretive to non-GAAP EPS and free cash flow
SINGAPORE and IRVINE, Calif., May 28, 2015 (GLOBE NEWSWIRE) -- Avago Technologies Limited (Nasdaq: AVGO) and Broadcom Corporation (Nasdaq: BRCM) today announced that they have entered into a definitive agreement under which Avago will... More
