Broadcom Shareholders Give Nod To Avago Acquisition

Irvine-based Broadcom said late Tuesday afternoon that its shareholders have approved the acquisition of the company by Avago Technologies Limited. Broadcom said the deal still needs antitrust and other regulatory approvals in certain jurisdictions and other customary closing conditions. Avago said it would pay $37 billion to acquire Broadcom in May of this year, in a combination of cash and stock. Avago is based in Singapore. Broadcom is a maker of a wide range of semiconductors.