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Stock Market & Financial Investment News

News Breaks
August 11, 2014
07:53 EDTBRCMBroadcom upcoming changes not priced into shares, says Jefferies
After meeting with management, Jefferies thinks Broadcom's new business model will result in higher gross margins and higher capital return. The firm believes Broadcom's changes after the wind-down of its money losing cellular business are not yet discounted in the stock. Jefferies keeps a Buy rating on Broadcom with a $51 price target.
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May 27, 2015
15:42 EDTBRCMAvago board to meet tonight on potential Broadcom deal, CNBC reports
CNBC's Kayla Tausche, citing sources, reports that Avago's (AVGO) board will meet tonight to vote on a potential takeover deal for Broadcom (BRCM), which could be announced as soon as tomorrow.
15:28 EDTBRCMMellanox would have direct competition from an Avago, Broadcom deal, says Stifel
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15:03 EDTBRCMAvago deal for Broadcom could be announced as soon as tomorrow, Bloomberg says
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15:02 EDTBRCMBroadcom spikes higher on report of possible Avago bid
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15:00 EDTBRCMBroadcom, Avago deal would make strategic sense, says Piper Jaffray
Piper Jaffray analyst Ruben Roy said he believes a merger deal between Broadcom (BRCM) and Avago (AVGO), as the companies were said by the Wall Street Journal to be discussing, would make strategic sense. Roy said that if average take-out multiples in the semiconductor space over the past several years are used as a guide, Broadcom could be valued near $58 per share in a takeover. He added that he thinks Intel (INTC) could continue to be interested in Broadcom, especially with its reported talks to buy Altera (ALTR) "in limbo." Roy maintains a Neutral rating on Broadcom shares.
14:52 EDTBRCMBroadcom declines comment on report of Avago talks
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14:27 EDTBRCMAvago could pay up to $65 for Broadcom, says Pacific Crest
Pacific Crest speculates Avago (AVGO) could pay $63-$65 per share for Broadcom (BRCM) and the deal would still be accretive.
14:25 EDTBRCMAvago Technologies calls active on talks to buy Broadcom report
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14:20 EDTBRCMBroadcom calls active on Avago in advanced talks to buy report
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14:10 EDTBRCMMaxim briefly trades lower after DJ report of Avago interest in Broadcom
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14:08 EDTBRCMAvago in advanced talks to buy Broadcom, WSJ reports
Broadcom (BRCM), which had a market value of $28B as of this afternoon, is in advanced talks to be acquired by Avago Technologies (AVGO), which recently had a market cap of about $34B, though it is unclear what terms the companies are discussing, said The Wall Street Journal. Following the report, Broadcom shares are up about 14% to $53.45, while Avago is up nearly 6% to trade just below $139 per share. Reference Link
14:01 EDTBRCMBroadcom jumps 8.5% after Dow Jones report on Avago takeover talks
Avago Technologies (AVGO) shares are up nearly 5% following the report.
14:00 EDTBRCMBroadcom in advanced talks to be acquired by Avago, Dow Jones reports
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10:35 EDTBRCMBMO Capital to hold a tour
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09:28 EDTBRCMBroadcom WiFi risks misplaced, says BofA/Merrill
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May 20, 2015
07:36 EDTBRCMJPMorgan to hold a conference
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May 15, 2015
17:33 EDTBRCMPoint72 Asset Management gives quarterly update on stakes
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May 14, 2015
09:06 EDTBRCMSynopsys and Broadcom extend license agreement
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07:48 EDTBRCMBroadcom management to meet with Deutsche Bank
Meeting to be held in Los Angeles on May 14 hosted by Deutsche Bank.
05:49 EDTBRCMStocks with implied volatility movement; ESI BRCM
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