(Reuters) - Singapore-based Broadcom Ltd said on Monday it expects to redomicile to the United States by April 3, two days before the chipmaker's acquisition target Qualcomm Inc holds its annual shareholder meeting.
Broadcom said last week that CFIUS has ordered the company to provide it with five business days' notice before taking any action toward moving base to the United States.
The requirement showed that CFIUS, an inter-agency panel led by the U.S. Treasury, was aware that its jurisdiction could be contested if Broadcom redomiciles to the United States.
CFIUS had delayed Qualcomm's annual meeting by a month to April 5. In that meeting, shareholders will also vote for Broadcom's slate of six nominees for Qualcomm's 11-member board.
Since disclosing its first bid, worth $103 billion, for Qualcomm on Nov. 6, Broadcom has revised its bid twice, but is yet to strike a deal.