Avago Tech (AVGO) Tops Q2 EPS by 12c; Issues Q3 Outlook
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Avago (AVGO) PT Raised to $170 at Canaccord Genuity Amid Broadcom (BRCM) Deal
May 29, 2015 9:05 AM EDTCanaccord Genuity analyst T. Michael Walkley reiterated a Buy rating and boosted his price target on Avago Technologies (NASDAQ: AVGO) to $170.00 (from $145.00) after the company agreed to acquire Broadcom (NASDAQ: BRCM), creating a eading global diversified semiconductor... More
Avago Technologies (AVGO) PT Raised to $180 at Brean Capital
May 29, 2015 6:24 AM EDTBrean Capital analyst Mike Burton reiterated a Buy rating and boosted his price target on Avago Technologies (NASDAQ: AVGO) to $180.00 (from $145.00) following the announced takeover of Broadcom, saying the deal should be accretive.
Burton commented, "Avago reported solid quarterly results and guidance... More
Avago Tech (AVGO) to Acquire Broadcom (BRCM) in ~$37B Deal
May 28, 2015 7:01 AM EDTAvago Tech (Nasdaq: AVGO) and Broadcom Corporation (Nasdaq: BRCM) announced that they have entered into a definitive agreement under which Avago will acquire Broadcom in a cash and stock transaction that values the combined company at $77 billion in enterprise value. Upon completion of the acquisition, the combined company will have the most diversified communications platform in the semiconductor industry, with combined annual revenues of approximately $15 billion.
"Today's announcement marks the combination of the unparalleled engineering prowess of Broadcom with Avago's heritage of technology from HP,... More
