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SaltWire's Atlantic regional weather forecast for October 30, 2023 | SaltWire - U.S. chipmaker Broadcom expects its $69 billion buyout of cloud-computing firm VMware to close before the November deadline, the companies said on Monday, amid investor concerns about securing China's approval for the deal.
The companies did not disclose details regarding China's approval on Monday, but said there was"no legal impediment" to the deal closing under U.S. merger regulations.
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Broadcom expects $69 billion VMware deal to close before November deadlineChina's State Administration of Market Regulation (SAMR) has not signed off on the deal and is likely to delay its decision, the Financial Times reported...
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Broadcom and VMWare Say $61 Billion Deal Will Close ‘Soon’Broadcom Inc. said its $61 billion agreement to buy software maker VMware Inc. will close before the expiration of their merger agreement, an attempt to reassure investors after concerns that Chinese regulators might delay the deal.
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Broadcom, VMware says deal closing 'soon,' awaits China's OKBroadcom (AVGO) plans to acquire VMware (VMW) in a $61 billion agreement that the companies hope to finalize soon. However, the deal faces potential delays...
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Increase in Self-Reported Paid Sick Leave Coverage in Canada, but Inequality PersistsA new report from Statistics Canada reveals that self-reported paid sick leave coverage has moderately increased since 1995, but front-line workers still lack universal coverage. Approximately 64% of workers reported having paid sick leave coverage in November 2022, compared to 56% in November 1995. The report also highlights the narrowing inequality in coverage between job types, but significant disparities remain. Workers in the bottom 10% of hourly wages had only 17.2% coverage, while those in the top 10% had 86.7% coverage. Additionally, employees of small businesses and certain job types continue to have lower coverage rates. The report also examines the impact of British Columbia's mandated sick leave policy, which led to an increase in self-reported coverage. However, in 2022, no more than 56% of workers in the province reported having paid sick leave.
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