Qualcomm secretly asked a US security panel to probe its $117B buyout offer, delaying its shareholder meeting, Broadcom claims

Qualcomm secretly asked a US security panel to probe its $117B buyout offer, delaying its shareholder meeting, Broadcom claims

6 years ago
Anonymous $gIi3-PxxKB

https://www.cnbc.com/2018/03/05/qualcomm-secretly-asked-a-us-security-panel-to-probe-its-117b-buyout-offer-delaying-its-shareholder-meeting-broadcom-claims.html

Broadcom said on Monday Qualcomm secretly requested a U.S. national security panel on Jan. 29 to start an investigation into its proposed $117 billion buyout offer, leading to a delay in Qualcomm's March 6 shareholder meeting.

The Committee on Foreign Investment in the United States (CFIUS), which has the power to stop deals that could harm national security, on Sunday asked Qualcomm to postpone the annual meeting and election of directors by 30 days.