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Stock impact report

Trump blocks merger over national security concerns [CNN]

Broadcom Inc. (AVGO) 
Last broadcom inc. earnings: 3/12 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.broadcom.com
Company Research Source: CNN
Trump blocks Broadcom's $117 billion Qualcomm bid over national security The White House has blocked Broadcom's $117 billion bid for Qualcomm due to national security concerns. In an order Monday, President Donald Trump wrote that there is "credible evidence" that Broadcom and its affiliates "might take action that threatens to impair the national security of the United States." He said the two companies must "immediately and permanently abandon the proposed takeover." Broadcom said in a statement late Monday that it is reviewing the order and that it "strongly disagrees that its proposed acquisition of Qualcomm raises any national security concerns." Broadcom's hostile takeover of Qualcomm ( QCOM ) — the latter company rejected the bid — would have combined two computer chip makers. It had been under investigation by the Committee on Foreign Investment in the United States, or CFIUS. The inter-agency panel is chaired by the Treasury Department and vets deals that could give a fore Show less Read more
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