Set micro-grid reported on March 3 foreign media sources, is now headquartered in Singapore's Broadcom company plans to complete the headquarters in mid-May from the transfer of Singapore to the United States.
Broadcom said in a tender offer to Qualcomm in November that it relocated its headquarters to the United States but did not give any details of the time, and in a letter a few days ago to Qualcomm shareholders, Broadcom emphasized moving headquarters to United States.
In the event of a successful transfer, CFIUS will no longer review the merger on the grounds that cybersecurity provided by the foreign company's mergers and acquisitions.
May 6, Broadcom will hold a general meeting of shareholders, shareholders will vote on the transfer of the headquarters of the 'once voted, the relocation of headquarters will be implemented quickly, as soon as the mid-May will be completed.' Informed sources said.
If Broadcom successfully moved back to the United States, it will evade regulatory obstacles caused by the mergers and acquisitions by foreign companies, including the FBI, the Department of Homeland Security, the Department of Defense and the Energy Bureau and other departments have made CFIUS recommendations to mergers and acquisitions will affect the United States Security, I hope CFIUS intervention and strict review.
The U.S. Foreign Investment Commission (CFIUS) is a federal government committee comprising the heads of 11 government agencies and five observers, and the U.S. Treasury Secretary serving as chair of the committee. The CFIUS is comprised of members from the Department of Defense, the Department of State, and the Department of Homeland Security Wait.
Prior to this, CFIUS was optimistic about the merger in spite of various prompting, and the U.S. Treasury Secretary said he was not sure whether CFIUS will have the authority to review because the acquisition has not really taken place so far. However, for Broadcom Of the six directors, CFIUS will be audited, because these shareholders may control the Qualcomm board of directors.
Broadcom believes that CFIUS fears a bit redundant, Broadcom can not and is not willing to control Qualcomm's board of directors.
In addition, Broadcom said in a statement released Friday that the company is confident of its release from regulators within a 12-month period after the announcement, following an agreement with Qualcomm on the acquisition.