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Broadcom Climbs Off Worst Levels But Remains Firmly Negative

After gapping open sharply lower, shares of Broadcom (AVGO) have climbed off their worst levels of the day but remain firmly negative in afternoon trading on Thursday. Broadcom is currently down by 15.2 percent after hitting its lowest intraday level in well over a year.

The initial sell-off by Broadcom came after the chipmaker announced an agreement to acquire CA Technologies (CA) for $18.9 billion.

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