Shares in Broadcom and VMware were rising despite an apparent delay to the closing of their merger agreement, which was set to complete on Monday. China could be a problem—but investors don’t seem too worried. Source link
We raise our fair value estimate for VMware VMW to $180 per share from $161 and maintain our narrow moat, High Uncertainty, and standard capital allocation ratings. Our fair value estimate increase is purely due to raising our probability of the pending acquisition by Broadcom AVGO closing and VMware’s valuation under the half stock/half cash … Read more
The Broadcom-VMware deal has cleared another regulatory hurdle, making a full closing by the end of the third quarter more inevitable. Source link