Topeka Capital Downgrades Broadcom (BRCM) to Hold

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Tigress Financial Partners Downgrades Broadcom (BRCM) to Neutral

May 29, 2015 12:52 PM EDT

Tigress Financial Partners downgraded Broadcom (NASDAQ: BRCM) from Buy to Neutral.

For an analyst ratings summary and ratings history on Broadcom click here. For more ratings news on Broadcom click here.

Shares of Broadcom closed at $56.25 yesterday.

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

May 28, 2015 7:01 AM EDT

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