Summary
Broadcom Inc. (AVGO) filed an 8-K on October 12, 2018, to announce a significant regulatory milestone in its pending acquisition of CA, Inc. The company received clearance under the antitrust laws of the European Union, which was the final required regulatory approval for the transaction. This clears the path for Broadcom to officially complete the acquisition. Investors should note that with this final regulatory hurdle cleared, Broadcom now expects the acquisition of CA to be finalized on November 5, 2018, coinciding with the start of Broadcom's 2019 fiscal year. This marks a critical step in Broadcom's strategic growth plans, integrating CA's software offerings into its broader technology portfolio.
Key Highlights
- 1Broadcom Inc. received antitrust clearance from the European Union for its acquisition of CA, Inc.
- 2The EU clearance was the final regulatory approval required to complete the acquisition.
- 3Antitrust clearance from Japan was previously obtained on October 2, 2018.
- 4Broadcom expects to complete the acquisition of CA on November 5, 2018.
- 5The completion date aligns with the first day of Broadcom's 2019 fiscal year.
- 6The filing includes a cautionary note regarding forward-looking statements related to the transaction.