5 Best Future Stocks to Buy and Hold for 10 Years

3. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 173

Broadcom Inc. (NASDAQ:AVGO) is one of the best future stocks to buy and hold for 10 years. On June 18, Broadcom announced the results of its cash tender offers for various series of outstanding senior notes, while simultaneously increasing the aggregate purchase price capacity to $3.0 billion. This expanded budget allows the company to purchase all validly tendered notes for its 2037 and 2038 series, ensuring these obligations are fully covered.

The tender offers expired on June 17, with approximately $5.5 billion in notes tendered overall. Of this amount, Broadcom has accepted roughly $2.9 billion in aggregate principal for purchase. The initial settlement is scheduled for June 18, with a secondary settlement date for those utilizing guaranteed delivery procedures set for June 23.

Notes that were tendered but not accepted for purchase will be promptly returned to their respective holders. In addition to the purchase price, all holders whose notes were accepted for purchase will receive an accrued coupon payment in accordance with the terms of the offer.

Broadcom Inc. (NASDAQ:AVGO) is a technology company that specializes in semiconductor devices (through the Semiconductor Solutions segment) and infrastructure software solutions (through the Infrastructure Software segment).