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Broadcom Ltd (BRCM.BN)

BRCM.BN on Berne Stock Exchange

262.26CHF
20 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Broadcom Says FTC Review Immaterial To Business, No Impact On Qualcomm Proposal
Wednesday, 17 Jan 2018 03:35pm EST 

Jan 17 (Reuters) - Broadcom Ltd ::BROADCOM LTD SAYS "FTC REVIEW IS IMMATERIAL TO OUR BUSINESS, DOES NOT RELATE TO WIRELESS AND HAS NO IMPACT ON OUR PROPOSAL TO ACQUIRE QUALCOMM".  Full Article

Broadcom Announces Exchange Offer For Senior Notes
Tuesday, 9 Jan 2018 09:00am EST 

Jan 9 (Reuters) - Broadcom Ltd ::BROADCOM - TWO UNITS COMMENCED AN EXCHANGE OFFER FOR OUTSTANDING UNREGISTERED 2.375PCT SENIOR NOTES DUE 2020, 3.000PCT SENIOR NOTES DUE 2022.BROADCOM ANNOUNCES EXCHANGE OFFER FOR SENIOR NOTES.BROADCOM LTD - UNITS ALSO COMMENCED AN EXCHANGE OFFER FOR 3.625PCT SENIOR NOTES DUE 2024 AND 3.875PCT SENIOR NOTES DUE 2027.BROADCOM - UNITS ALSO COMMENCED AN EXCHANGE OFFER FOR 2.200PCT SENIOR NOTES DUE 2021, 2.650PCT DUE 2023, 3.125PCT DUE 2025 AND 3.500PCT DUE 2028.BROADCOM LTD - EXCHANGE OFFER FOR NOTES WILL EXPIRE AT 11:59 P.M., NEW YORK CITY TIME, ON FEB 7, 2018.  Full Article

Tessera Reaches Global Settlement With Broadcom
Monday, 18 Dec 2017 07:00am EST 

Dec 18 (Reuters) - Xperi Corp ::TESSERA REACHES GLOBAL SETTLEMENT WITH BROADCOM.TESSERA TECHNOLOGIES SAYS ANNOUNCED THAT IT AND CERTAIN OF ITS AFFILIATES ENTERED INTO AGREEMENTS WITH BROADCOM, AMONG OTHERS.TESSERA SAYS IN CONJUNCTION WITH SETTLEMENT, BROADCOM ENTERED INTO NEW MULTI-YEAR PATENT LICENSE AGREEMENT WITH TESSERA.TESSERA SAYS LICENSE AGREEMENT PROVIDES FOR AN UPFRONT PAYMENT IN Q4 OF 2017.TESSERA SAYS LICENSE AGREEMENT ALSO PROVIDES FOR RECURRING QUARTERLY PAYMENTS BEGINNING IN Q1 OF 2018.TESSERA SAYS OTHER TERMS OF LICENSE AGREEMENTS ARE CONFIDENTIAL.  Full Article

Broadcom Files Premerger Notification With U.S. DOJ, FTC Regarding Proposed Acquisition Of Qualcomm
Monday, 11 Dec 2017 09:16am EST 

Dec 11 (Reuters) - Broadcom Ltd ::BROADCOM FILES PRELIMINARY PROXY MATERIALS IN CONNECTION WITH QUALCOMM'S 2018 ANNUAL MEETING AND FILES HART-SCOTT-RODINO NOTIFICATION REGARDING PROPOSED ACQUISITION OF QUALCOMM.BROADCOM - FILED PREMERGER NOTIFICATION WITH U.S. DOJ, FTC REGARDING PROPOSED ACQUISITION OF QUALCOMM.  Full Article

Broadcom Says Expect Proposed Qualcomm Deal Will Be Completed Within About 12 Months Following Signing Of Definitive Agreement
Wednesday, 6 Dec 2017 06:28pm EST 

Dec 6 (Reuters) - Broadcom Ltd ::BROADCOM CFO - EXPECT THAT PROPOSED QUALCOMM TRANSACTION WILL BE COMPLETED WITHIN ABOUT 12 MONTHS FOLLOWING SIGNING OF DEFINITIVE AGREEMENT - CONF CALL‍​.BROADCOM CFO SAYS IT REMAINS CO'S "STRONG" PREFERENCE TO ENGAGE IN CONSTRUCTIVE DIALOGUE WITH QUALCOMM - CONF CALL.BROADCOM CFO SAYS POST MEETINGS WITH ANTITRUST AUTHORITIES, "CONFIDENT" THAT REGULATORY REQUIREMENT FOR QUALCOMM DEAL WILL BE MET IN TIMELY MANNER - CONF CALL.BROADCOM CFO SAYS REDOMICILIATION WILL OCCUR WHETHER OR NOT THERE IS CORPORATE TAX REFORM IN THE UNITED STATES - CONF CALL.BROADCOM CFO - REDOMICILIATION IS SUBJECT TO SHAREHOLDER VOTE AND IS EXPECTED TO BE AFFECTED IN MANNER INTENDED TO BE TAX-FREE TO SHAREHOLDERS - CONF CALL.BROADCOM CFO - THE FINAL FORUM AND TIMING OF REDOMICILIATION AND SHAREHOLDER VOTE WILL DEPEND IN PART ON TAX REFORM EFFORTS IN UNITED STATES - CONF CALL.  Full Article

Broadcom Appoints Gayla Delly As Independent Director
Wednesday, 6 Dec 2017 04:45pm EST 

Dec 6 (Reuters) - Broadcom Ltd ::BROADCOM SAYS ON DEC 4, BOARD APPOINTED GAYLA DELLY AS AN INDEPENDENT DIRECTOR - SEC FILING.  Full Article

Broadcom Limited Q4 GAAP Earnings Per Share $1.50
Wednesday, 6 Dec 2017 04:05pm EST 

Dec 6 (Reuters) - Broadcom Ltd ::BROADCOM LIMITED ANNOUNCES FOURTH QUARTER AND FISCAL YEAR 2017 FINANCIAL RESULTS AND INTERIM DIVIDEND.Q4 NON-GAAP EARNINGS PER SHARE $4.59 FROM CONTINUING OPERATIONS.Q4 GAAP EARNINGS PER SHARE $1.50.Q4 REVENUE $4.844 BILLION VERSUS I/B/E/S VIEW $4.83 BILLION.Q4 EARNINGS PER SHARE VIEW $4.52 -- THOMSON REUTERS I/B/E/S.LONG TERM FREE CASH FLOW TARGET INCREASED FROM 35 PERCENT TO 40 PERCENT OF NET REVENUE.SEES Q1 NET REVENUE ON A GAAP BASIS $5,296 MILLION +/-$75 MILLION.CAPITAL EXPENDITURES FOR FIRST FISCAL QUARTER ARE EXPECTED TO BE APPROXIMATELY $210 MILLION.WILL CONTINUE TO TARGET LONG TERM ANNUAL REVENUE GROWTH OF 5 PERCENT.FOR FIRST FISCAL QUARTER, DEPRECIATION IS EXPECTED TO BE $130 MILLION AND AMORTIZATION IS EXPECTED TO BE APPROXIMATELY $1,070 MILLION.RAISING ITS LONG TERM TARGET FOR NON-GAAP GROSS MARGIN FROM GREATER THAN 60 PERCENT TO 65 PERCENT.SEES Q1 NON-GAAP REVENUE $5,300 MILLION +/-$75 MILLION.Q1 REVENUE VIEW $4.83 BILLION -- THOMSON REUTERS I/B/E/S.RAISING ITS LONG TERM TARGET FOR NON-GAAP OPERATING MARGIN FROM 45 PERCENT TO 47.5 PERCENT.ALSO RAISING ITS LONG TERM TARGET FOR FREE CASH FLOW FROM 35 PERCENT TO 40 PERCENT OF NET REVENUE.QUARTERLY INTERIM DIVIDEND INCREASED BY 72 PERCENT TO $1.75 PER SHARE FROM PRIOR QUARTER.  Full Article

Qualcomm Confirms Receipt Of Broadcom's Nomination Of Candidate Slate
Monday, 4 Dec 2017 08:30am EST 

Dec 4 (Reuters) - Qualcomm Inc::QUALCOMM CONFIRMS RECEIPT OF BROADCOM'S NOMINATION OF A SLATE OF CANDIDATES TO REPLACE CO'S EXISTING BOARD.QUALCOMM SAYS BROADCOM'S NOMINEES ARE "INHERENTLY CONFLICTED" GIVEN BROADCOM’S DESIRE TO ACQUIRE CO.  Full Article

Broadcom finalizing candidates for full Qualcomm slate- CNBC,citing sources‍​
Tuesday, 28 Nov 2017 09:25am EST 

Nov 28 (Reuters) - :BROADCOM FINALIZING CANDIDATES FOR FULL QUALCOMM SLATE- CNBC,CITING SOURCES‍​.  Full Article

Broadcom says it remains "fully committed" to pursue Qualcomm acquisition
Monday, 13 Nov 2017 11:00am EST 

Nov 13 (Reuters) - Broadcom Ltd AVGO.O::Broadcom remains fully committed to acquisition of Qualcomm.Says ‍it "remains fully committed" to pursuing its acquisition of Qualcomm.Says it ‍remains "strong" preference to engage "cooperatively" with Qualcomm's board and management team​.  Full Article

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FTC makes second request on Broadcom's bid for Qualcomm

The U.S. Federal Trade Commission has made a second request for information on chipmaker Broadcom Ltd's $103 billion hostile bid for Qualcomm Inc, Broadcom said in a statement on Friday, a move that could indicate heightened antitrust scrutiny.