11/20/2022 0 Comments King Bill 2010 Premium incl. serialSkadden, Arps, Slate, Meagher & Flom LLP is the legal adviser to Broadcom. They would also have the option to choose between various combinations of cash and stock.Īvago, which is incorporated in Singapore and also has headquarters in San Jose, California, said it intended to fund the cash portion of the deal by using funds from the combined company and new debt of $9 billion.Īvago was advised by Deutsche Bank, Bank of America, Barclays, Citigroup and Credit Suisse.īroadcom was advised by JPMorgan Chase JPM.N, while Evercore served as financial adviser to the Special Committee of the board. The new Broadcom would have annual revenue of $15 billion and an enterprise value of $77 billion, the companies said in a statement.īroadcom shareholders will own about 32 percent of the combined company. The deal has a breakup fee of $1 billion, one of the unidentified sources said. The companies said they expected to close the deal by the end of the first quarter of 2016 and save $750 million within 18 months.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |