San Jose, California, December 9, 2021/PRNewswire/–Broadcom Corporation (NASDAQ: AVGO), a global technology leader in the design, development and supply of semiconductor and infrastructure software solutions, today announced that its board of directors has authorized the repurchase of up to $10 billion in common stock under the new share repurchase program. The authorization is valid until December 31, 2022.
Kirsten Spears, Chief Financial Officer of Broadcom Inc. said: “The launch of the new stock repurchase program reflects the board’s confidence in Broadcom’s strong cash flow generation and provides us with complementary tools to create value for shareholders.” The repurchase under the new share repurchase plan can be carried out in a variety of ways, including open market or privately negotiated purchases. The timing and amount of shares to be repurchased will depend on stock prices, business and market conditions, company and regulatory requirements, alternative investment opportunities, acquisition opportunities, and other factors. Broadcom is not obliged to repurchase any specific number of common shares, and the share repurchase plan may be suspended or terminated at any time. About Broadcom Broadcom Corporation (NASDAQ stock code:
Note on forward-looking statements
This announcement contains forward-looking statements (including the meaning of Section 21E of the United States Securities Exchange Act of 1934 as amended and Section 27A of the United States Securities Act of 1933 as amended) regarding Broadcom’s plans and anticipated stock repurchase plans, and our possible Benefits gained from the plan. These forward-looking statements are based on the current expectations and beliefs of Broadcom management, as well as assumptions made by such management and currently available information, current market trends and market conditions, and involve risks and uncertainties, many of which are not in Broadcom and Within management’s consideration, actual results may differ materially from those contained in forward-looking statements. Therefore, you should not rely excessively on such statements.
The documents we submit to the SEC, you can get it for free on the SEC website http://www.sec.gov, Discuss some important risk factors that may affect our business, operating performance and financial conditions. Actual results may differ from the estimates provided. Unless required by law, we assume no intention or obligation to update or revise any forward-looking statements in this announcement, whether due to new information, future events or other reasons.
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