With the Broadcom acquisition of VMware cleared by regulators and the deal closing on Oct 30, seems like this is a done deal. The deal is for $142.50 cash or 0.252 shares of AVGO/share of VMW. The cash/stock selection will be prorated such that it’s 50% cash, 50% stock. Given the current price of AVGO, a 50/50 split values each share of VMW at $179. VMW is currently trading at $165. This is an 8% discount for something that seems to be a sure thing. Am I missing something?
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