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Singapore-based Broadcom to redomicile to U.S. by April 3

Reuters 

(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's $117 billion offer to buy California-based Qualcomm is being reviewed by the Committee on Foreign Investment in the United States (CFIUS) for potential national security threats.Broadcom said such security concerns were not a risk to the closure of the proposed buyout as it never planned to finish the deal before completing moving its official base to the United ...

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First Published: Mon, March 12 2018. 16:28 IST
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