New York, May 28, 2015 -- Moody's Investors Service ("Moody's") placed the Ba2 Corporate Family Rating of Avago Technologies Finance Pte. Ltd ("Avago") on review for upgrade following the announcement of Avago's planned acquisition of Broadcom Corporation ("Broadcom"). Avago has signed a definitive agreement to acquire Broadcom for $37 billion in Avago shares and cash. Avago expects the acquisition to close in early 2016.
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