The Qualcomm-Broadcom Saga Continues as Qualcomm Pushes Back its Annual Meeting Per CFIUS
The Committee on Foreign Investment in the U.S. ordered Qualcomm on March 5 to delay its annual meeting of stockholders and election of directors for at least 30 days so that the agency can fully investigate Broadcom Limited’s proposal to acquire the firm. We attribute the investigation to the fact that Broadcom is still domiciled in Singapore (though it plans to relocate to the U.S.) and could divest assets the U.S. deems critical to national security, including parts vital to the race to 5G, s...
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