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What happens to existing vmware stock? 1. Would it be auto converted by brokerage firm to broadcom stock as per deal? 2. Would brokerage firm will auto sell vmware stock when deal officially closes 3. Any other thing? Please let us know
I thought the offer is either Broadcom stock OR cash for vmware stock at specific price
You will get the letter, ask us then
A Google search yeilded this in the top result: "Under the terms of the deal, VMware shareholders will have the choice to receive either $142.50 in cash or 0.2520 shares of Broadcom common stock for each VMware share."
Why is vmware stock not trading near 1/4th of broadcom stock price?
Risk - because the deal hasn’t closed. There’s still a very small chance it falls through.
The offer states that the actual distribution - cash ($142.5) or BC stock (0.252) - will be 50/50 split. While we can request a type it is not guaranteed we will get what we request. What does that mean? Given that stock value is way higher, won’t M Dell and other heavyweights just get the first dibs into stock exchange and leave much lower $142.5 cash deal for the rest of us? Or is there a provision to protect common, non-premium stock holders?
Does anyone have insights on the questions above?
When is the deal expected to close?
Will convert to whatever broadcom is offering for each Vmware share