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Broadcom Ltd (AVGO.OQ)

AVGO.OQ on NASDAQ Stock Exchange Global Select Market

265.73USD
15 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Broadcom Files Premerger Notification With U.S. DOJ, FTC Regarding Proposed Acquisition Of Qualcomm
Monday, 11 Dec 2017 

Dec 11 (Reuters) - Broadcom Ltd ::BROADCOM FILES PRELIMINARY PROXY MATERIALS IN CONNECTION WITH QUALCOMM'S 2018 ANNUAL MEETING AND FILES HART-SCOTT-RODINO NOTIFICATION REGARDING PROPOSED ACQUISITION OF QUALCOMM.BROADCOM - FILED PREMERGER NOTIFICATION WITH U.S. DOJ, FTC REGARDING PROPOSED ACQUISITION OF QUALCOMM.  Full Article

Broadcom Says Expect Proposed Qualcomm Deal Will Be Completed Within About 12 Months Following Signing Of Definitive Agreement
Thursday, 7 Dec 2017 

Dec 6 (Reuters) - Broadcom Ltd ::BROADCOM CFO - EXPECT THAT PROPOSED QUALCOMM TRANSACTION WILL BE COMPLETED WITHIN ABOUT 12 MONTHS FOLLOWING SIGNING OF DEFINITIVE AGREEMENT - CONF CALL‍​.BROADCOM CFO SAYS IT REMAINS CO'S "STRONG" PREFERENCE TO ENGAGE IN CONSTRUCTIVE DIALOGUE WITH QUALCOMM - CONF CALL.BROADCOM CFO SAYS POST MEETINGS WITH ANTITRUST AUTHORITIES, "CONFIDENT" THAT REGULATORY REQUIREMENT FOR QUALCOMM DEAL WILL BE MET IN TIMELY MANNER - CONF CALL.BROADCOM CFO SAYS REDOMICILIATION WILL OCCUR WHETHER OR NOT THERE IS CORPORATE TAX REFORM IN THE UNITED STATES - CONF CALL.BROADCOM CFO - REDOMICILIATION IS SUBJECT TO SHAREHOLDER VOTE AND IS EXPECTED TO BE AFFECTED IN MANNER INTENDED TO BE TAX-FREE TO SHAREHOLDERS - CONF CALL.BROADCOM CFO - THE FINAL FORUM AND TIMING OF REDOMICILIATION AND SHAREHOLDER VOTE WILL DEPEND IN PART ON TAX REFORM EFFORTS IN UNITED STATES - CONF CALL.  Full Article

Broadcom Appoints Gayla Delly As Independent Director
Thursday, 7 Dec 2017 

Dec 6 (Reuters) - Broadcom Ltd ::BROADCOM SAYS ON DEC 4, BOARD APPOINTED GAYLA DELLY AS AN INDEPENDENT DIRECTOR - SEC FILING.  Full Article

Broadcom Limited Q4 GAAP Earnings Per Share $1.50
Thursday, 7 Dec 2017 

Dec 6 (Reuters) - Broadcom Ltd ::BROADCOM LIMITED ANNOUNCES FOURTH QUARTER AND FISCAL YEAR 2017 FINANCIAL RESULTS AND INTERIM DIVIDEND.Q4 NON-GAAP EARNINGS PER SHARE $4.59 FROM CONTINUING OPERATIONS.Q4 GAAP EARNINGS PER SHARE $1.50.Q4 REVENUE $4.844 BILLION VERSUS I/B/E/S VIEW $4.83 BILLION.Q4 EARNINGS PER SHARE VIEW $4.52 -- THOMSON REUTERS I/B/E/S.LONG TERM FREE CASH FLOW TARGET INCREASED FROM 35 PERCENT TO 40 PERCENT OF NET REVENUE.SEES Q1 NET REVENUE ON A GAAP BASIS $5,296 MILLION +/-$75 MILLION.CAPITAL EXPENDITURES FOR FIRST FISCAL QUARTER ARE EXPECTED TO BE APPROXIMATELY $210 MILLION.WILL CONTINUE TO TARGET LONG TERM ANNUAL REVENUE GROWTH OF 5 PERCENT.FOR FIRST FISCAL QUARTER, DEPRECIATION IS EXPECTED TO BE $130 MILLION AND AMORTIZATION IS EXPECTED TO BE APPROXIMATELY $1,070 MILLION.RAISING ITS LONG TERM TARGET FOR NON-GAAP GROSS MARGIN FROM GREATER THAN 60 PERCENT TO 65 PERCENT.SEES Q1 NON-GAAP REVENUE $5,300 MILLION +/-$75 MILLION.Q1 REVENUE VIEW $4.83 BILLION -- THOMSON REUTERS I/B/E/S.RAISING ITS LONG TERM TARGET FOR NON-GAAP OPERATING MARGIN FROM 45 PERCENT TO 47.5 PERCENT.ALSO RAISING ITS LONG TERM TARGET FOR FREE CASH FLOW FROM 35 PERCENT TO 40 PERCENT OF NET REVENUE.QUARTERLY INTERIM DIVIDEND INCREASED BY 72 PERCENT TO $1.75 PER SHARE FROM PRIOR QUARTER.  Full Article

Qualcomm Confirms Receipt Of Broadcom's Nomination Of Candidate Slate
Monday, 4 Dec 2017 

Dec 4 (Reuters) - Qualcomm Inc::QUALCOMM CONFIRMS RECEIPT OF BROADCOM'S NOMINATION OF A SLATE OF CANDIDATES TO REPLACE CO'S EXISTING BOARD.QUALCOMM SAYS BROADCOM'S NOMINEES ARE "INHERENTLY CONFLICTED" GIVEN BROADCOM’S DESIRE TO ACQUIRE CO.  Full Article

Broadcom finalizing candidates for full Qualcomm slate- CNBC,citing sources‍​
Tuesday, 28 Nov 2017 

Nov 28 (Reuters) - :BROADCOM FINALIZING CANDIDATES FOR FULL QUALCOMM SLATE- CNBC,CITING SOURCES‍​.  Full Article

Broadcom says it remains "fully committed" to pursue Qualcomm acquisition
Monday, 13 Nov 2017 

Nov 13 (Reuters) - Broadcom Ltd AVGO.O::Broadcom remains fully committed to acquisition of Qualcomm.Says ‍it "remains fully committed" to pursuing its acquisition of Qualcomm.Says it ‍remains "strong" preference to engage "cooperatively" with Qualcomm's board and management team​.  Full Article

Broadcom reviewing candidates for Qualcomm director slate- CNBC‍​
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - :Broadcom is reviewing candidates for Qualcomm director slate- CNBC‍​.  Full Article

Qualcomm confirms receipt of unsolicited proposal from Broadcom
Monday, 6 Nov 2017 

Nov 6 (Reuters) - Qualcomm Inc ::Qualcomm confirms receipt of unsolicited proposal from Broadcom.Qualcomm board in consultation with financial, legal advisors, will assess Broadcom's proposal.  Full Article

Broadcom explores deal to acquire chipmaker Qualcomm- Bloomberg,citing sources‍​
Friday, 3 Nov 2017 

Nov 3 (Reuters) - :Broadcom explores deal to acquire chipmaker Qualcomm- Bloomberg,citing sources‍​.Broadcom is speaking to advisers about the potential deal- Bloomberg,citing sources‍​.  Full Article

BRIEF-Broadcom Files Premerger Notification With U.S. DOJ, FTC Regarding Proposed Acquisition Of Qualcomm

* BROADCOM FILES PRELIMINARY PROXY MATERIALS IN CONNECTION WITH QUALCOMM'S 2018 ANNUAL MEETING AND FILES HART-SCOTT-RODINO NOTIFICATION REGARDING PROPOSED ACQUISITION OF QUALCOMM