RANsquawk Daily US Equity Opening News – 12th March 2018

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Johnson Controls (JCI) – The co. is to explore strategic alternatives for its Power Solutions business Broadcom (AVGO) – Intel (INTC) is considering a range of ideas in reaction to Broadcom’s hostile takeover of Qualcomm (QCOM), which includes a possible bid for Broadcom. Intel have since come out and noted it does not comment on rumours or speculation Oclaro (OCLR) / Lumentum (LITE) – Lumentum is to acquire Oclaro for USD 1.8bln in cash and stock, approved by both company boards (RANsquawk)