VMware/Broadcom spread seesaws amid report on China review of deal
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The deal spread in Broadcom's (NASDAQ:AVGO) planned $61 billion purchase of VMware (NYSE:VMW) narrowed for most of the trading day at least partly amid a report about China's review of the deal. The spread has now ticked slightly wider to $20.14 from $20.01.
China's antitrust regulator hasn't sent its concern with the deal to Broadcom (AVGO) as the case is nearing the end of its Phase 2 review, according to traders, who cited a report that was circulating on Friday. 
It appears to be likely that China's State Admistration for Market Regulation will require competition remedies for the agency to approve the deal, according to descriptions of the report. 
Investors are waiting to hear about approvals from China and the U.S. Federal Trade Commission after the $61 billion deal won provisional approval from the UK and also from the European Commission last month.
The report today also comes after a filing on Wedneday indicated that Broadcom (AVGO) has secured as much as $28.4 billion in new debt committments for its purchase of VMware (VMW). 

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