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CFIUS delays Qualcomm shareholder meeting

Mar. 05, 2018 5:25 AM ETQUALCOMM Incorporated (QCOM) StockQCOM, AVGOBy: Yoel Minkoff, SA News Editor83 Comments
  • The U.S. Committee on Foreign Investment has ordered Qualcomm (NASDAQ:QCOM) to delay tomorrow's upcoming shareholder meeting by a month as it investigates whether a proposed buyout by Singapore-based Broadcom (NASDAQ:AVGO) would put national security at risk.
  • The intervention comes as Qualcomm shareholders were set to vote on whether to replace six of its directors with candidates put forward by Broadcom, which is seeking to force a $142B takeover.
  • QCOM -1.8% premarket

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