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  • Broadcom to acquire VMware in $61 billion deal

    Broadcom to acquire VMware in $61 billion deal

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  • Broadcom to acquire VMware in $61 billion deal

    Broadcom Inc. said Thursday morning that it has reached an agreement to acquire VMware Inc. . The deal values VMware at about $61 billion and will see Broadcom assume roughly $8 billion of VMware's net debt. VMware shares had surged 25% in Monday trading after media reports suggested a deal was imminent, and the stock was up 0.3% in premarket trading Thursday. Broadcom's stock was up 1.6% premarket. Broadcom said in a release that once the deal is complete, the company plans to operate its...

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  • Covetrus going private in $4 billion deal

    Animal health company Covetrus Inc. said Wednesday it agreed to be taken private by Clayton, Dubilier & Rice (CD&R) and TPG Capital in a deal valued at $4 billion. The two private equity firms agreed to pay $21 a share, which is $1.34 or 6.8% over its closing price of $19.66 a share on Tuesday and a 39% premium over its 30-day volume weighted average price per share as of the unaffected stock price as of May 13. CD&R partner Sarah Kim said the firm is "excited to have this...

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