Qualcomm’s pivotal shareholder meeting is bumped up following Broadcom hostile takeover block

Qualcomm’s pivotal shareholder meeting is bumped up following Broadcom hostile takeover block

6 years ago
Anonymous $gIi3-PxxKB

https://techcrunch.com/2018/03/12/qualcomms-pivotal-shareholder-meeting-is-bumped-up-following-broadcom-hostile-takeover-block/

After getting delayed by at least a month or so following a regulatory investigation just days before the meeting was scheduled to take place, Qualcomm’s timetable to hold the meeting is now bumped up to ten days from now — and possibly before Broadcom may complete its move to the U.S.

The new change is coming as part of a presidential order by the Trump administration to block a takeover attempt by Broadcom, which is looking to acquire the company in a hostile maneuver worth over $100 billion — making it the largest tech deal of all time. Qualcomm planned to hold the meeting last week, but had to push it back pending an investigation by the Committee on Foreign Investment in the United States (or CFIUS).