Broadcom's $61B planned VMware purchase clears U.S., UK
Sundry Photography/iStock Editorial via Getty Images
Broacom (NASDAQ:AVGO) said that its planned $61 billion acquisition of VMware (NYSE:VMW) was cleared by the UK's antitrust regulator, and the U.S. hasn't challenged the combination. VMware rose 5.4%, while Broadcom gained 2.7%.
In the U.S., the Hart-Scott-Rodino pre-merger waiting periods have expired, and "there is no legal impediment to closing under U.S. merger regulations," Broadcom said in a statement on Monday. Broadcom (AVGO) plans to close the deal on Oct. 30.
The VMware transaction has been cleared by the European Union, Australia, Brazil, Canada, Israel, South Africa, and Taiwan. The deal is still awaiting approval from China's antitrust regulator as well as Japan's antitrust authority.
The deal spread in Broadcom's (AVGO) purchase of VMware narrowed to $15.80 from $20.44 on Friday, the narrowest spread since the deal was announced last June. 
VMware (VMW) and Broadcom (AVGO) agreed to further extend the outside date as contemplated in the transaction agreement.
Broadcom (AVGO) said on Monday that it received final approval from the UK's Competition and Markets Authority after it received provisional clearance last month.
The updates on Monday come after a filing on Wednesday indicated that Broadcom (AVGO) has secured as much as $28.4 billion in new debt commitments for its purchase of VMware (VMW).

More on VMware

VMware: Subscription Revenue Status And Regulatory Update
VMware/Broadcom spread seesaws amid report on China review of deal
Tudor Investment boosts stakes in Big Tech, exits VMware, BAH, HRL
VMware/Broadcom deal spread widens amid notice of FTC closed door meeting
Horizon Therapeutics, Activision among best bets for M&A deals to close
Seeking Alphaâs Quant Rating on VMware
Earnings data for VMware
Dividend for VMware