IRVINE (dpa-AFX) - Avago Technologies Limited (AVGO) announced that, at its shareholder meeting, the company's shareholders have voted overwhelmingly to approve the business combination transaction with Broadcom Corporation, with over 99% of the votes cast by Avago shareholders voted in favor of the transaction.
Avago and Broadcom announced their merger deal on May 28, 2015. Avago currently anticipates that the remaining approvals will be received and expects the transaction to close late in calendar year 2015 or early in 2016.
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