Broadcom Soars 21%: CNBC Says Avago Board Meeting Tonight; Cavium Surges

Tech Trader Daily
By Tiernan RayMay 27, 2015, 3:50 pm162 pts
As chip maker Broadcom‘s (BRCM) shares soar by $9.96, over 21%, to $56.88, on rumors the company will be bought by Avago Technologies (AVGO), CNBC’s Kayla Tausche on air a short while ago remarked that unnamed sources are saying the Avago board will meet tonight to vote on whether to make the purchase.…

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