U.S. regulators ask Qualcomm to delay shareholder meeting
by from Techreport on (#3HDKG)
With each passing day, we seem to get a new development in Broadcom's attempt to take over Qualcomm. Yesterday, the Committee on Foreign Investment in the United States (CFIUS) asked Qualcomm to delay its annual shareholder meeting, originally scheduled for tomorrow, so it can investigate the possibility that the takeover from Singapore-based Broadcom Limited (the umbrella organization that controls Broadcom) poses a threat to national security.
This new turmoil emerges as Broadcom pushed to elect six members of its choosing to the Snapdragon maker's board of directors at the meeting. If that ...