Ridiculous, no transparency at all. We have to learn this through the Financial Times.
https://www.ft.com/content/eb940813-4e98-4046-8800-77692db963ea
15 replies (most recent on top)
The fact that Broadcom did not mention China in their announcement speaks volumes - at least to me - which is to say that they clearly don't want to pi-s off China by calling them out as being the holdouts causing the delay, so for those of you who think they'll do the same as they did with the CA acquisition and proceed as two separate companies there until they get their approval later, don't hold your breath. They're not likely to do any such thing this time around, risk pi----g them off jeopardizing ~$11B in revenues in the process. Bottom line is they have to wait to either give China what they want and get approval from them, assuming that's even possible, or cancel the deal, but time is running out.
Oh, is that how you found out? I just read the Broadcom press release.
Found the most asinine hot take of the day.
Consider a scenario in which 40,000 employees are unable to come to work due to illness.
From the FT article:
“Never before has there been such uncertainty over the fate of such a large acquisition so close to a supposed deadline for it to be closing,” Kelly said.
“I’ve never seen anything like this,” said one hedge fund investor who owns VMware shares. "
omg that article literally has quotes from a press release on broadcoms website. so to answer your question about who leaked it, i guess the avgo comms team smh
First off, it is not a merger. Secondly, thanks for posting this, no one had noticed from the other 10 posts until you mentioned it.
Nobody leaked anything big boss sent an email and Broadcom posted a public statement… daft people
I am eating spaghetti this morning. Anyone venture a guess which brand of sauce?
LOL, it's not and has never been a merger. It's an private equity acquisition ;-)
NYSE lists the suspension as now postponed so this is another confirmation:
https://www1.nyse.com/corporate-actions
I'm wondering who leaked the update to FT, and whether it was intentional to manipulate the market reaction. Seriously, the SEC needs to investigate the source of the leak.
I'm guessing the board members, but it could be anyone who has a vested interest
Raghu is NOT happy. He is supposed to receive his $53 million packet today.
“Merger”
Non paywall:
https://archive.ph/xmiLP