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Broadcom Inc (AVGO.OQ)

AVGO.OQ on NASDAQ Stock Exchange Global Select Market

315.25USD
21 Nov 2019
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Latest Key Developments (Source: Significant Developments)

Broadcom Says Upsized & Priced Public Offering Of 3.25 Mln Shares Of 8.00% Series A Mandatory Convertible Preferred Stock
Wednesday, 25 Sep 2019 

Sept 25 (Reuters) - Broadcom Inc ::ANNOUNCES PRICING AND UPSIZING OF MANDATORY CONVERTIBLE PREFERRED STOCK OFFERING.UPSIZED & PRICED A PUBLIC OFFERING OF 3.25 MILLION SHARES OF 8.00% SERIES A MANDATORY CONVERTIBLE PREFERRED STOCK AT $1,000 PER SHARE.OFFERING WAS UPSIZED FROM PREVIOUSLY ANNOUNCED $3.0 BILLION OF SHARES OF MANDATORY CONVERTIBLE PREFERRED STOCK.  Full Article

Broadcom Q3 Non-GAAP Earnings Per Share $5.16
Friday, 13 Sep 2019 

Broadcom Inc ::. ANNOUNCES THIRD QUARTER FISCAL YEAR 2019 FINANCIAL RESULTS AND QUARTERLY DIVIDEND.Q3 NON-GAAP EARNINGS PER SHARE $5.16.Q3 EARNINGS PER SHARE $5.16 FROM CONTINUING OPERATIONS.Q3 GAAP EARNINGS PER SHARE $1.71.Q3 REVENUE $5.515 BILLION VERSUS REFINITIV IBES ESTIMATE OF $5.54 BILLION.Q3 EARNINGS PER SHARE ESTIMATE $5.13 -- REFINITIV IBES DATA.QUARTERLY DIVIDEND OF $2.65 PER SHARE.MAINTAINING FISCAL YEAR 2019 GUIDANCE, INCLUDING REVENUE OUTLOOK OF $22.5 BILLION.CAPITAL EXPENDITURES FOR FISCAL YEAR ARE EXPECTED TO BE APPROXIMATELY $500 MILLION.BROADCOM - LOOKING AT SEMICONDUCTOR SOLUTIONS SEGMENT, BELIEVE DEMAND HAS BOTTOMED OUT, TO CONTINUE TO REMAIN AT THESE LEVELS DUE TO CURRENT ENVIRONMENT.FY2019 EARNINGS PER SHARE VIEW $21.38, REVENUE VIEW $22.60 BILLION -- REFINITIV IBES DATA.  Full Article

Broadcom Says Co, Symantec May Terminate Deal If Closing Has Not Occurred On Or Before Feb 8, 2020
Friday, 9 Aug 2019 

Aug 9 (Reuters) - Broadcom Inc ::BROADCOM - CO, SYMANTEC MAY TERMINATE DEAL IF CLOSING HAS NOT OCCURRED ON OR BEFORE FEB 8, 2020, SUBJECT TO 3-MONTH EXTENSION IN SOME CIRCUMSTANCES.BROADCOM - ENTERED COMMITMENT LETTER, DATED AUG 8 WITH FINANCIAL INSTITUTIONS TO GIVE UPTO $12 BILLION IN TERM LOANS TO FINANCE CO'S DEAL PAYMENT OBLIGATIONS.BROADCOM - UNDER COMMITMENT LETTER, FINANCIAL INSTITUTIONS TO GIVE UPTO $3.5 BILLION IN TERM LOANS TO FUND REFINANCING OF SOME EXISTING SENIOR NOTES.  Full Article

Broadcom To Acquire Symantec Enterprise Security Business For $10.7 Bln In Cash
Friday, 9 Aug 2019 

Aug 8 (Reuters) - Broadcom Inc ::BROADCOM TO ACQUIRE SYMANTEC ENTERPRISE SECURITY BUSINESS FOR $10.7 BILLION IN CASH.BROADCOM TO ACQUIRE SYMANTEC ENTERPRISE SECURITY BUSINESS FOR $10.7 BILLION IN CASH.DEAL EXPECTED TO ADD MORE THAN $2 BILLION OF SUSTAINABLE, INCREMENTAL, RUN-RATE REVENUES.BROADCOM EXPECTS CURRENT DIVIDEND POLICY OF DELIVERING 50% OF ITS PRIOR FISCAL YEAR FREE CASH FLOW TO SHAREHOLDERS TO REMAIN UNCHANGED.EXPECTS TO ACHIEVE DOUBLE-DIGIT CASH-ON-CASH RETURNS ON ITS DEAL INVESTMENT.REAFFIRMING FISCAL YEAR 2019 REVENUE GUIDANCE OF $22.5 BILLION.FOLLOWING CLOSING OF TRANSACTION, BROADCOM WILL OWN AND INCORPORATE SYMANTEC BRAND NAME INTO BROADCOM PORTFOLIO.SHIFTING FOCUS TO RAPID DEBT PAYDOWN WITH EXCESS CASH FLOW BEYOND DIVIDEND; FULLY COMMITTED TO INVESTMENT GRADE RATING.BROADCOM - NOW INTENDS TO UTILIZE EXCESS CASH FLOW BEYOND ITS DIVIDEND PAYMENTS TO FOCUS ON RAPIDLY PAYING DOWN DEBT AS OPPOSED TO STOCK REPURCHASES.INTENDS TO FUND TRANSACTION WITH PROCEEDS FROM NEW COMMITTED DEBT FINANCING.TRANSACTION IS EXPECTED TO DRIVE MORE THAN APPROXIMATELY $1.3 BILLION OF PRO FORMA EBITDA, INCLUDING SYNERGIES.TRANSACTION IS EXPECTED TO GENERATE MORE THAN $1 BILLION OF RUN-RATE COST SYNERGIES WITHIN 12 MONTHS FOLLOWING DEAL CLOSE.TRANSACTION IS EXPECTED TO DRIVE APPROXIMATELY $1.3 BILLION OF PRO FORMA EBITDA, INCLUDING SYNERGIES.EXPECTS TO ACHIEVE DOUBLE-DIGIT CASH-ON-CASH RETURNS ON INVESTMENT.FY2019 REVENUE VIEW $22.59 BILLION -- REFINITIV IBES DATA.  Full Article

Symantec, Broadcom Cease Deal Negotiations - CNBC
Monday, 15 Jul 2019 

July 15 (Reuters) - :SYMANTEC, BROADCOM CEASE DEAL NEGOTIATIONS - CNBC.SYMANTEC WOULD NOT ACCEPT LESS THAN $28 A SHARE - CNBC.  Full Article

Broadcom Has Also Considered Buying Tibco, An Infrastructure Software Company-CNBC
Friday, 5 Jul 2019 

July 5 (Reuters) - :BROADCOM HAS ALSO CONSIDERED BUYING TIBCO AN INFRASTRUCTURE SOFTWARE COMPANY-CNBC.  Full Article

Broadcom Says To Supply Apple With Specified, Radio-Frequency Front End Components
Tuesday, 11 Jun 2019 

June 10 (Reuters) - Apple Inc ::BROADCOM- EFFECTIVE JUNE 9, SOME UNITS CO ENTERED INTO A STATEMENT OF WORK WITH APPLE PROVIDING FOR SUPPLY ARRANGEMENT FOR 2 YRS OF NEW PROGRAMS.BROADCOM SAYS TO SUPPLY APPLE WITH SPECIFIED, RADIO-FREQUENCY FRONT END COMPONENTS, MODULES FOR APPLE'S SMARTPHONES, TABLETS, WATCHES - SEC FILING.BROADCOM-APPLE INTENDS TO SOURCE REQUIREMENTS FOR SUCH RF FRONT END COMPONENTS,MODULES FROM CO, IF CO ABLE TO MEET SOME DEVELOPMENT, OTHER COMMITMENTS.BROADCOM INC - THE AGREEMENT ALSO PROVIDES FOR VARIOUS PRICING SCHEDULES AND METHODOLOGIES APPLICABLE TO PURCHASES OF THE COVERED COMPANY PRODUCTS..  Full Article

Broadcom Inc Announces Pricing Of Private Offering Of Senior Notes
Saturday, 30 Mar 2019 

March 29 (Reuters) - Broadcom Inc ::BROADCOM INC. ANNOUNCES PRICING OF PRIVATE OFFERING OF SENIOR NOTES.PRICED PREVIOUSLY ANNOUNCED OFFERING OF $2,000 MILLION OF 3.125% SENIOR NOTES DUE 2021.PRICED OFFERING OF $1,500 MILLION OF 3.125% SENIOR NOTES DUE 2022, $2,000 MILLION OF 3.625% SENIOR NOTES DUE 2024.ALSO PRICED PREVIOUSLY ANNOUNCED OFFERING OF $2,500 MILLION OF 4.250% SENIOR NOTES DUE 2026 & $3,000 MILLION OF 4.750% SENIOR NOTES DUE 2029.  Full Article

Broadcom Inc Announces First Quarter Fiscal Year 2019 Financial Results And Quarterly Dividend
Friday, 15 Mar 2019 

March 14 (Reuters) - Broadcom Inc ::. ANNOUNCES FIRST QUARTER FISCAL YEAR 2019 FINANCIAL RESULTS AND QUARTERLY DIVIDEND.Q1 NON-GAAP EARNINGS PER SHARE $5.55.Q1 EARNINGS PER SHARE $5.55 FROM CONTINUING OPERATIONS.Q1 GAAP EARNINGS PER SHARE $1.12.Q1 REVENUE $5.789 BILLION VERSUS REFINITIV IBES ESTIMATE OF $5.82 BILLION.Q1 EARNINGS PER SHARE ESTIMATE $5.23 -- REFINITIV IBES DATA.SEES FY 2019 REVENUE $24.5 BILLION.Q1 NON-GAAP EARNINGS PER SHARE $5.55 FROM CONTINUING OPERATIONS.SETS QUARTERLY DIVIDEND OF $2.65PER SHARE.CAPITAL EXPENDITURES FOR FISCAL YEAR ARE EXPECTED TO BE APPROXIMATELY $550 MILLION.FY2019 REVENUE VIEW $24.31 BILLION -- REFINITIV IBES DATA.BROADCOM - SIMILAR TO PEERS, SEE A SLOWDOWN IN CHINA IMPACTING DEMAND.  Full Article

Broadcom Inc - James Diller stepped down from his position as chairman of board and chairman of executive committee - SEC Filing
Friday, 7 Dec 2018 

Dec 6 (Reuters) - Broadcom Inc ::JAMES V. DILLER STEPPED DOWN FROM HIS POSITION AS CHAIRMAN OF BOARD AND CHAIRMAN OF EXECUTIVE COMMITTEE - SEC FILING.BROADCOM - ALSO ON DEC 5, 2018, BOARD ELECTED HENRY SAMUELI, PH.D., AN EXISTING DIRECTOR, AS CHAIRMAN OF BOARD AND CHAIRMAN OF EXECUTIVE COMMITTEE.SAMUELI ALSO INFORMED BOARD THAT HE WILL DECLINE ALL COMPENSATION FOR HIS SERVICE ON BOARD AND AS ITS CHAIRMAN.DILLER WILL CONTINUE TO SERVE AS A DIRECTOR AND AS A MEMBER OF COMPENSATION AND EXECUTIVE COMMITTEES UNTIL 2019 ANNUAL MEETING.BOARD ELECTED EDDY W. HARTENSTEIN, AN EXISTING DIRECTOR, AS LEAD INDEPENDENT DIRECTOR, A NEWLY CREATED POSITION.SETS QUARTERLY CASH DIVIDEND OF $2.65PER SHARE.BOARD INCREASED CURRENT SHARE REPURCHASE PROGRAM BY AUTHORIZING REPURCHASE OF UP TO AN ADDITIONAL $6.0 BILLION - SEC FILING.AGGREGATE REMAINING SHARE REPURCHASE AUTHORIZATION IS APPROXIMATELY $10.2 BILLION AS OF THE DATE HEREOF.ON DECEMBER 5, JAMES V. DILLER NOTIFIED BOARD HE WILL NOT BE STANDING FOR RE-ELECTION AS DIRECTOR AT 2019 ANNUAL MEETING.  Full Article