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General

Broadcom prices USD 3.2 bln convertible share offering

Wednesday 25 September 2019 | 08:57 CET | News
Broadcom said it has increased its planned convertible offering of USD 3 million worth of shares to one of USD 3.2 billion. If the greenshoe is exercised, net proceeds could reach USD 3.7 billion. The company will be offering 3.250 million worth of 8.00 percent series A convertible stock, with a greenshoe of 487,500 additional shares. The original greenshoe announcement had been for USD 450 million. The offering is expected to complete on 30 September, subject to the usual conditions.

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Categories: General
Companies: Broadcom
Countries: World
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