Avago Technologies Announces Withdrawal of Secondary Offering

Date Announced: 11 Aug 2010

Avago ditches follow-up offering.

SAN JOSE, Calif. & SINGAPORE, Aug 11, 2010 (BUSINESS WIRE) -- Avago Technologies (Nasdaq: AVGO), today announced it has agreed with its principal controlling shareholder to withdraw the proposed secondary offering to the public of 24,840,000 ordinary shares due to adverse market conditions, effective immediately. The Company and its principal controlling shareholder may elect to offer any or all of such shares at a later date or dates, subject to market and other conditions.

Source: Avago Technologies

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