11 November 2015

Shareholders approve Avago's acquisition of Broadcom

Avago Technologies Ltd of San Jose, CA, USA and Singapore (a designer and supplier of III-V-based analog components as well as digital and mixed-signal CMOS-based devices for communications, industrial and consumer applications) says that, at its shareholder meeting, its shareholders have voted overwhelmingly to approve its acquisition of Broadcom Corp of Irvine, CA, USA, with over 99% of the votes cast by Avago shareholders voted in favor.

Broadcom (which provides semiconductor solutions for wired and wireless communications) says that, at a special meeting, its shareholders approved all proposals necessary for the acquisition.

Avago and Broadcom announced their merger agreement on 28 May. The firms have received clearance on their proposed merger from the Committee on Foreign Investments in the United States and anti-trust authorities in the USA, Japan and Taiwan. 

Among other customary conditions to closing, the transaction remains subject to regulatory approvals from the European Commission and anti-trust authorities in China and South Korea, all of which are progressing. Avago expects that these remaining approvals will be received and that the transaction will close late in 2015 or early in 2016.

See related items:

Avago to acquire Broadcom for $37bn

Tags: Avago Broadcom

Visit: www.broadcom.com

Visit: www.avagotech.com