IRVINE, Calif., Nov. 10, 2015 /PRNewswire/ -- Broadcom
Corporation (NASDAQ: BRCM), a global innovation leader in
semiconductors for wired and wireless communications, announced
today that at a special meeting of Broadcom shareholders held
today, its shareholders approved all proposals necessary for its
previously announced acquisition by Avago Technologies Limited.
Completion of the transaction remains subject to obtaining
antitrust and other regulatory approvals in certain jurisdictions
and other customary closing conditions.
About Broadcom
Broadcom Corporation (NASDAQ: BRCM), a FORTUNE 500® company, is
a global leader and innovator in semiconductor solutions for wired
and wireless communications. Broadcom® products seamlessly deliver
voice, video, data and multimedia connectivity in the home, office
and mobile environments. With one of the industry's broadest
portfolio of state-of-the-art system-on-a-chip solutions, Broadcom
is changing the world by connecting everything®. For more
information, go to www.broadcom.com.
Broadcom®, the pulse logo, Connecting
everything®, and the Connecting everything logo are
among the trademarks of Broadcom Corporation and/or its affiliates
in the United States, certain
other countries and/or the EU. Any other trademarks or trade names
mentioned are the property of their respective owners.
Corporate
Communications
JP Clark
Director, Corporate
Communications
949-266-7632
jpclark@broadcom.com
|
Investor
Relations
T. Peter
Andrew
Vice President,
Treasury & Investor Relations
949-926-6932
andrewtp@broadcom.com
|
Sameer
Desai
Director, Investor
Relations
949-926-4425
sameerd@broadcom.com
|
Forward Looking Statements
All statements included or incorporated by reference in this
document, other than statements or characterizations of historical
fact, are forward-looking statements within the meaning of the
federal securities laws, including Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended. These forward-looking statements are
based on Broadcom's current expectations, estimates and projections
about its business and industry, management's beliefs, and certain
assumptions made by Broadcom and Avago, all of which are subject to
change. Forward-looking statements can often be identified by
words such as "anticipates," "expects," "intends," "plans,"
"predicts," "believes," "seeks," "estimates," "may," "will,"
"should," "would," "could," "potential," "continue," "ongoing,"
similar expressions, and variations or negatives of these
words. These forward-looking statements are not
guarantees of future results and are subject to risks,
uncertainties and assumptions that could cause actual results to
differ materially and adversely from those expressed in any
forward-looking statement.
Important risk factors that may cause such a difference in
connection with the proposed transaction include, but are not
limited to, the following factors: (1) the risk that the conditions
to the closing of the transaction are not satisfied; (2) litigation
relating to the transaction; (3) uncertainties as to the timing of
the consummation of the transaction and the ability of each party
to consummate the transaction; (4) risks that the proposed
transaction disrupts the current plans and operations of Avago or
Broadcom; (5) the ability of Avago and Broadcom to retain and hire
key personnel; (6) competitive responses to the proposed
transaction; (7) unexpected costs, charges or expenses resulting
from the transaction; (8) potential adverse reactions or changes to
business relationships resulting from the announcement or
completion of the transaction; (9) the combined companies' ability
to achieve the growth prospects and synergies expected from the
transaction, as well as delays, challenges and expenses associated
with integrating the combined companies' existing businesses and
the indebtedness planned to be incurred in connection with the
transaction; and (10) legislative, regulatory and economic
developments. These risks, as well as other risks associated
with the proposed transaction, are more fully discussed in the
joint proxy statement/prospectus that is included in the
Registration Statement on Form S-4 that has been filed with the SEC
in connection with the proposed transaction. The
forward-looking statements in this document speak only as of this
date. Neither Broadcom nor Avago undertake any obligation to revise
or update publicly any forward-looking statement to reflect future
events or circumstances.
In addition, actual results are subject to other risks and
uncertainties that relate more broadly to Broadcom's overall
business, including those more fully described in Broadcom's
filings with the Securities and Exchange Commission ("SEC")
including its annual report on Form 10-K for the fiscal year ended
December 31, 2014, and its quarterly
reports filed on Form 10-Q for the current fiscal year, and Avago's
overall business and financial condition, including those more
fully described in Avago's filings with the SEC including its
annual report on Form 10-K for the fiscal year ended November 2, 2014, and its quarterly reports filed
on Form 10-Q for its current fiscal year. The forward-looking
statements in this document speak only as of date of this
document. We undertake no obligation to revise or update
publicly any forward-looking statement, except as required by
law.
Additional Information and Where to Find It
This document does not constitute an offer to sell or the
solicitation of an offer to buy any securities. Pavonia
Limited ("Holdco") and Safari Cayman L.P. ("New LP") filed with the
SEC a Registration Statement on Form S-4 which includes the joint
proxy statement of Avago and Broadcom and also constitutes a
prospectus of Holdco and New LP. The Registration Statement
on Form S-4 was declared effective by the SEC on September 25, 2015. Each of Broadcom and
Avago have mailed the joint proxy statement/prospectus to their
respective shareholders. Broadcom and Avago also plan to file
other documents with the SEC regarding the proposed
transaction. This document is not a substitute for any
prospectus, proxy statement or any other document which Broadcom
and Avago has filed or may file with the SEC in connection with the
proposed transaction. INVESTORS AND SECURITY HOLDERS OF
BROADCOM AND AVAGO ARE URGED TO READ THE JOINT PROXY
STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS THAT WILL BE
FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME
AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT
INFORMATION ABOUT THE PROPOSED TRANSACTION. You may obtain copies
of all documents filed with the SEC regarding this transaction,
free of charge, at the SEC's website (www.sec.gov). In
addition, investors and shareholders will be able to obtain free
copies of the joint proxy statement/prospectus and other documents
filed with the SEC by the parties on Broadcom's Investor Relations
website (www.broadcom.com/investors) (for documents filed with the
SEC by Broadcom) or Avago Investor Relations at (408) 435-7400 or
investor.relations@avagotech.com (for documents filed with the SEC
by Avago, Holdco or New LP).
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SOURCE Broadcom Corporation; BRCM Corporate