VMware nears session highs after report of go-shop provision in Broadcom deal
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VMware (NYSE:VMW) neared session highs and rose 4.6% on a report that its potential sale to Broadcom (NASDAQ:AVGO) is expected to include a go-shop period that will allow the company to other other competing bids.
Broadcom and VMware (VMW) are close to announcing a cash-and-stock transaction that will value VMW at about $140/share as soon as Thursday before the market opens, according to traders, who cited a Bloomberg report.

VMW is scheduled to report Q1 results on Thursday.

The Information on Monday speculated that Microsoft (MSFT), Google (GOOGL) and Cisco Systems (CSCO) are companies that may also have interest in a VMW acquisition.