Broadcom
The Commission said Broadcom has 30 days to comply with the order, which is valid for up to three years.
“We believe this planned acquisition definitely will create some uneasiness amongst its current investor base,” Chan said of Broadcom.
A U.S. national security panel has ordered Broadcom to provide it with five business days’ notice before taking any action toward redomiciling to the U.S.
Singapore-based chipmaker Broadcom Ltd, which is seeking to buy rival Qualcomm Inc, plans to complete its move back to the U.S. by mid-May.
A national security panel that can stop mergers that could harm U.S. security has begun looking at Singapore-based chipmaker Broadcom Ltd’s plan to take over rival Qualcomm Inc.
U.S. semiconductor company Qualcomm Inc should try to negotiate a sale to Broadcom Ltd following the latter’s sweetened $121 billion offer, ISS said.
Broadcom cut the number of board seats it was trying to win at Qualcomm to six from 11.
Qualcomm and Broadcom plan to meet on Wednesday to talk about the latter’s $121 billion acquisition offer.
Broadcom Ltd made a $121 billion “best and final offer” on Monday to acquire Qualcomm Inc.
