Thread regarding VMware layoffs

"but in any event prior"

Just to remind everyone, from the Oct. 30 press release:

https://investors.broadcom.com/news-releases/news-release-details/broadcom-and-vmware-provide-update-pending-transaction

"SAN JOSE, Calif. and PALO ALTO, Calif., Oct. 30, 2023 /PRNewswire/ -- Broadcom Inc. (NASDAQ: AVGO) and VMware, Inc. (NYSE: VMW) today announced their expectation that Broadcom's acquisition of VMware (the "Transaction") will close soon, but in any event prior to the expiration of their merger agreement."

  1. This is an official statement from both the Broadcom and VMware Investor Relations departments. That's about as rock-solid a corporate statement as it gets.
  1. "in any event" means THERE IS NO SCENARIO under which they will not close the deal. They emphasize later on in the press release that they do, in fact, have the ability to close: "There is no legal impediment to closing under US merger regulations". Broadcom and VMware are, of course, both US companies.
  1. "prior to the expiration of their merger agreement" surely means the Nov. 26 final outside date. There is no other plain meaning of this language, since the agreement contains no other date which could be interpreted as an "expiration".

Nobody forced them to put out such a press release, especially with the language they used. There are simply no outs here.

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| 2061 views | | 8 replies (last November 21, 2023) | Reply
Post ID: @OP+1pHmY4yM

8 replies (most recent on top)

[Zero chance it goes through.]

Lol

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Post ID: @jzz+1pHmY4yM

Zero chance it goes through. Grifters fail to realize their logic holds as much logic as a a mid-et with a yo-yo. In case they perceive Hock as infallible- Qualcomm is the kryptonite answer. Congratulations Hock on the destruction of a great American company.

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Post ID: @lee+1pHmY4yM

The deal failed. Forgot about the merger and we should think about recovery.

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Post ID: @oah+1pHmY4yM

White collar crime has been increasingly become less tolerated.

SBF of FTX
Elizabeth Holmes of Therranos

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Post ID: @mzr+1pHmY4yM

their expectation

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Post ID: @sbs+1pHmY4yM

"But it was just their expectation"

If you want to use the word "expectation" to give them an out, then it also must be shown that there was some material event between Oct. 30 and Nov. 26 that could reasonably have changed this expectation, outside of their control. No such event has occurred. The Xi-Biden meeting did nothing to change the status quo.

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Post ID: @wdj+1pHmY4yM

As rock solid as Hock saying they've secured clearance in all necessary jurisdictions months ago.

Enough with the kool aid. Hock ain't d-mb enough to risk 1/3 of his semi business. If he really didn't care about China, it would have closed on 10/30.

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Post ID: @qwp+1pHmY4yM

But it was just their expectation

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Post ID: @ufh+1pHmY4yM

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