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US Orders Qualcomm to Delay Meeting for Review of Broadcom Offer

The U.S. supervision systematic Qualcomm Inc. to check a shareholder assembly this week to yield it some-more time to examination opposition Broadcom Ltd.’s due $117 billion takeover of a chip maker.

The move, that Broadcom pronounced was a response to a ask by Qualcomm, represents a rarely surprising involvement by Washington and will check Broadcom’s substitute quarrel for control of Qualcomm’s board. Qualcomm’s shareholders were set to opinion on either to reinstate 6 of a 11 directors with nominees put brazen by Broadcom.

Article source: https://www.wsj.com/articles/u-s-orders-qualcomm-to-delay-board-meeting-for-review-of-broadcom-offer-1520250104

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