Broadcom stock rises to a record after $4 billion deal to sell its EUC Division

Shares of Broadcom Inc. rallied into record territory Monday, after the semiconductor and software company agreed to sell its End-User Computing Division to KKR & Co. Inc. in a deal valued at $4 billion. Broadcom’s stock AVGO, +0.98%climbed 1% on Monday and closed at $1,309.13, topping its Feb. 22 previous record close of $1,304.90.The stock’s rally has lifted Broadcom’s market capitalization to $613.8 billion, which makes the company the 10th-most valuable in the S&P 5