Broadcom and VMware Announce Election Deadline for VMware Stockholders to Elect Merger Consideration

SAN JOSE, Calif. and PALO ALTO, Calif., Oct. 18, 2023 /PRNewswire/ -- Broadcom Inc. (NASDAQ:AVGO) and VMware, Inc. (NYSE:VMW) today announced that the deadline for VMware stockholders of record to elect the form of merger consideration they wish to receive in connection with Broadcom's acquisition of VMware (the "Transaction") is 5:00 p.m. Eastern Time on October 23, 2023 (such deadline, as it may be extended, the "Election Deadline"). VMware stockholders who hold shares through a bank, broker or other nominee may be subject to an earlier election deadline and should carefully review any materials they received from their bank, broker or other nominee. As previously disclosed, the parties expect to close the Transaction on October 30, 2023, subject to the receipt of regulatory approvals and other customary closing conditions.