Announcement | VMWARE INC-CLASS A | Informative Notice
Solactive AG notes the latest announcement on May 26, 2022, where BROADCOM INC and VMWARE INC-CLASS A announced an agreement under which BROADCOM INC will acquire all of the outstanding shares of VMWARE INC-CLASS A in a cash-and-stock transaction of USD 142.50 in cash or 0.252 BROADCOM INC shares. Shareholders of VMWARE INC-CLASS A common stock that do not make an election will be treated as having elected to receive the cash consideration or the stock consideration in accordance with the proration methodology in the merger agreement.
VMWARE INC-CLASS A shareholders approved the transaction on November 4, 2022. On August 21, 2023, BROADCOM INC received final transaction approval from the United Kingdom’s Competition and Markets Authority. The election deadline for VMware Stockholders for their preferred form of merger consideration is October 23, 2023. The parties expect to close the acquisition on October 30, 2023.
Solactive AG notes that the final acquisition terms are subject to proration and will be announced after the end of the election period. Solactive AG will announce the index treatment when the final terms are announced. Following the announcement, Solactive AG will implement the deletion according to our Equity Index Methodology.
Broadcom and VMware Announce Election Deadline for VMware Stockholders to Elect Merger Consideration