According to letters that were sent to customers on behalf of Broadcom.
23 replies (most recent on top)
"So the new deadline is 123123...?"
No, that's Magoo's luggage password.
“11/26 can be extended by mutual agreement of both parties. They will extend to try to work on China approval and 12/31 seems plausible. That's only extension of a month or so... Not a big deal.“
You are a clueless id--t who has not read anything.
So the new deadline is 123123...?
(Sorry, just me being random)
11/26 can be extended by mutual agreement of both parties. They will extend to try to work on China approval and 12/31 seems plausible. That's only extension of a month or so... Not a big deal.
"The letters went out to select customers who have to approve a change in control."
This is totally bogus. Customers don't approve change in control. The BOD and the government agencies do. If any letters went to customer they would just be public relations and could not disclose any information that was not shared with stock holders and filed with the SEC.
Not fabricated at all. This letter caused a lot of confusion. The letters were meant to be sent out after close. Not sure why they were sent out now, and then with this new date.
The also expected it to close by 30 Oct. Just go back to work and keep collecting the pay check. If it happens it happens.
If this is true, wouldn’t the parties have already sent such letters months ago, they expected to close October 30? Why would they have delayed sending them til now?
This post seems fishy.
It appears everything that comes out with this deal is “non-binding”.
BC seems to take over VMW without actually paying for it.
Guys, this was another non-binding „the parties EXPECT“ language, but it confused the c**p out of everyone, and it sure set the stage!
This post is total fabrication. The deal is dead on Nov 26.
@cen+1pu7sec3, VMW on behalf of BC
Exactly. So many lies from Avgo/Hock Tan. Even the US/FTC status they lied about and did not tell the whole truth. The did NOT get the US approval and cannot close the deal without risking a lawsuit especially after the new merger guideline is adopted. Then they are truely toast
If this is true, it is highly suspicious. To the other point made, how can broadcom set that expectation without addressing the approvals and differing time lines in the merger agreement? How much more credibility are they willing to lose?
11/26 or start from scratch.
Who sent these letters? BC it or VMWware?
@jej+1pu7sec3, they can if they renegotiate. I suppose BC just wanted to be on the safe side with these letters. In case they have to renegotiate, they dint want to go back to customers. But it was so confusing for everyone to read that date!
I confirm! My customer got one as well. Legal said customers shouldn’t read too much into it. BC just wanted to get as much leeway as possible.
The letters went out to select customers who have to approve a change in control. A lot if confusion was caused because they now mention 12/31 as the date (or rather, the end of the calendar year) that the parties expect the transaction to close.
Ask your Sales rep, they will confirm.
Almost certainly false. . Broadcom has no SEC filing indicating a change of date.
You expect us to think that Broadcom is going to announce an extension to 12/31 to customers before the public shareholders? I call bogus.
I thought they couldn’t legally go past 11/26
So... that's what SOON means? Did they say when the Soonday will be announced?