Goldman Sachs Downgrades Broadcom (BRCM) to Neutral

Cowen Downgrades Broadcom (BRCM) to Neutral Amid Takeover; Sees Competing Bid as Unlikely

Cowen downgraded Broadcom (NASDAQ: BRCM) from Outperform to Neutral with a price target of $58.00 (from $52.00).

Analyst Timothy Arcuri commented, "Following BRCM's agreement to be acquired by AVGO, we are raising our target to $58 and downgrading what has been our top idea in... More

Susquehanna Downgrades Broadcom (BRCM) to Neutral Amid Takeover; Sees No Rush to Sell Stock

Susquehanna downgraded Broadcom (NASDAQ: BRCM) from Positive to Neutral with a price target of $58.00 (from $54.00) after the company agreed to be acquired by Avago in a cash and stock valued at approximately $37 billion.

Analyst Chris Caso commented, "Since about half the transaction... More

Avago Tech (AVGO) to Acquire Broadcom (BRCM) in ~$37B Deal

Avago 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

Broadcom (BRCM) in Advanced Talks with Avago Tech (AVGO) - DJ

(Updated at 2:06 pm)

Broadcom (Nasdaq: BRCM) spiked higher Wednesday afternoon following headlines from Dow Jones Newswires that the company is in advanced talks to be acquired by Avago Tech (Nasdaq: AVGO).

While terms of the deal... More