Broadcom, VMware Stocks Gain Despite Apparent Delay to Merger Closing

📆 30/10/2023 07:35 a. m.
📰 MarketWatch

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The groups said in a statement that their merger, expected to close Monday, will complete 'soon.'

Shares in Broadcom and VMware were rising despite an apparent delay to the closing of their merger agreement, which was set to complete on Monday. China could be a problem—but investors don’t seem too worried.

Broadcom stock gained 1.6% in premarket trading on Monday, outperforming futures tracking both the S&P 500 and Nasdaq indexes, while VMware shares advanced 1.3%.

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