U.S. security panel delays Broadcom-Qualcomm merger showdown
A U. S. national security board on Sunday requested Qualcomm Inc to put off its March 6 yearly investor meeting by a month, postponing a hotly anticipated standoff in the organization's endeavor to battle off a takeover by Singapore-based Broadcom Ltd.The request adds to signs that Broadcom's guarantee to move its official base back to the United States previously it finishes the proposed $117 billion takeover may not be sufficient for U. S. authorities when universal exchange strains are rising. Reuters had revealed a week ago that the board, which can stop mergers that could hurt U. S. security, had started taking a gander at Broadcom's offered, after weight from lawmakers including senior Republican Senator John Cornyn.Independently, Broadcom said on Monday that the choice by CFIUS was the consequence of mystery moves made by Qualcomm on Jan. 29 to empower an examination concerning the offer, which Qualcomm's board has said essentially underestimates the o...