Avago completes $37B acquisition of Broadcom, changes name
FORT COLLINS — Avago Technologies Ltd., which employs roughly 1,300 people in Fort Collins, on Monday completed its $37 billion acquisition of rival chipmaker Broadcom Corp., a deal that was first announced last May.
Officials for Avago — which has co-headquarters in San Jose, Calif., and Singapore — could not be reached Monday to comment on what impacts the mega-deal might have on the company’s Fort Collins operations, Avago’s largest facility.
Shares of Avago (Nasdaq: AVGO) and Irvine, Calif.-based Broadcom (Nasdaq: BRCM) finished trading on Friday. The merged company will go by the name Broadcom Ltd., and its stock began trading Monday…
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