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home / news releases / LHX - VMware/Broadcom deal spread widens amid notice of FTC closed door meetings


LHX - VMware/Broadcom deal spread widens amid notice of FTC closed door meetings

2023-04-21 15:43:19 ET

The deal spread in Broadcom's ( AVGO ) planned $61 billion purchase of VMware ( NYSE: VMW ) spread widened on Friday amid a new Federal Trade Commission notice for two meetings in the next few weeks. The spread widened to $2.30.

The FTC listed listed two new closed door meetings on its website, including one scheduled for Tuesday at 10am and one on May 1 at 1pm.

Investors often speculate when the meeting notices are given that the FTC may be voting on ongoing deal that's being reviewed. While sometimes these meetings are about public companies, often times they are on private firms.

Other potential deals that the FTC may be voting on include Amazon's ( AMZN ) planned purchase of iRobot ( IRBT ), Amgen's ( AMGN ) acquisition of Horizon Pharmaceuticals ( HZNP ), L3Harris's ( LHX ) deal for Aerojet Rocketdyne ( AJRD ) and Kroger's ( KR ) purchase of Albertsons ( ACI ).

More on VMware ( VMW )

For further details see:

VMware/Broadcom deal spread widens amid notice of FTC closed door meetings
Stock Information

Company Name: L3Harris Technologies Inc.
Stock Symbol: LHX
Market: NYSE
Website: l3harris.com

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