Broadcom says fake Department of Defense memo seeks review of CA Technologies deal [Reuters (UK)]
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Source: Reuters
Broadcom says fake Department of Defense memo seeks review of CA Technologies deal | Reuters 2 Min Read (Reuters) - Chipmaker Broadcom Inc ( AVGO.O ) said on Wednesday a faked memo, purportedly from the U.S. Department of Defense, had been circulated among lawmakers calling for a review of its $19 billion acquisition of software company CA Technologies ( CA.O ). “We have been informed by DoD officials that this memo is in fact a forged document,” Broadcom said in a statement. “Broadcom and CA Technologies are both American companies, and there is no basis in fact or law for CFIUS review of our pending transaction.” The Committee on Foreign Investment in the United States (CFIUS) is the government panel that reviews deals for potential national security risks. Broadcom announced the deal to buy CA Technologies in July, months after U.S. President Donald Trump blocked the chipmaker’s $117 billion hostile bid for peer Qualcomm Inc ( QCOM.O ) on national security grounds. Since then,
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