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Broadcom (NASDAQ:AVGO) and VMware (NYSE:VMW) set Oct. 23 as the deadline for VMware holders to elect the form of merger consideration they will take. VMW rose 1.1% in premarket trading.
The companies reiterated that they expect to close the transaction by Oct. 30, subject to the receipt of regulatory approvals and other customary closing conditions, according to a statement on Wednesday.
The release comes after the deal spread in the…