CORRECTED: Broadcom to buy back up to $12 billion of shares
Chipmaker Broadcom Inc
The company, which last month ended its efforts to acquire rival Qualcomm Inc
Broadcom moved back to the United States from Singapore earlier this month, following U.S. President Donald Trump`s decision to block its $117 billion offer to buy Qualcomm on national security concerns.
The San Jose, California based company has about 411 million outstanding shares and a market value of about $98.71 billion as of Thursday`s close.(This version of the story corrects to say "end of Broadcom`s fiscal year 2019" instead of "end of its fiscal year on Nov. 3" in second paragraph)
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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