Merger of Avago and Broadcom to close in February
In connection with their previously announced merger, Avago Technologies and Broadcom have announced that they intend to start the election period for Broadcom shareholders on or about December 11, 2015 ready for a transaction closing around February 1, 2016. All regulatory approvals that are a condition to closing under the merger agreement have been obtained.
In anticipation of the February target closing, Avago and Broadcom currently intend to open the merger consideration election process and mail related election materials to Broadcom shareholders beginning on or about December 11, 2015.
The final deadline for Broadcom shareholders to elect the form of consideration they wish to receive in the transaction will be publicly announced at least three business days prior to the final election deadline, which is currently expected to occur around January 25, 2016.