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Stock Market & Financial Investment News

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December 6, 2012
17:17 EDTAVGOAvago announces sale of 21,490,022 ordinary shares by holders
Avago Technologies announced the sale of 21,490,022 ordinary shares by certain existing shareholders, including our President and CEO and entities affiliated with certain directors, to Citigroup as underwriter in the registered public offering of those shares. All of the shares are being sold by existing shareholders identified in the prospectus supplement relating to the offering. Avago will not receive any proceeds from this offering other than approximately $1.5M in aggregate option exercise price proceeds from a selling shareholder who will exercise options for the purpose of selling shares in this offering.
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