In addition, the U.S. Foreign Investment Commission also issued a provisional order demanding Qualcomm postpone the election of directors for 30 days.The U.S. Treasury Department said these measures will enable the Foreign Investment Commission to conduct a full investigation of Broadcom's proposed acquisition.
Qualcomm originally planned to hold a shareholders' general meeting on March 6 to elect its directors. To promote the transaction, Broadcom nominated 6 directors. If Broadcom's directors nominees are all elected, Broadcom will be composed of 11 directors Qualcomm Board of Directors Take the majority, forcibly move forward the transaction.
Broadcom latest offer of 82 US dollars per share, a total of 121 billion US dollars.But after Qualcomm will buy NXP Semiconductors quoted raised to 44 billion US dollars, Broadcom will offer reduced to 117 billion US dollars, or 79 US dollars per share, still Provide $ 8 billion in break-up fee.
In addition, the U.S. senators have called on the Foreign Investment Commission to "promptly review" Broadcom's proposal before Qualcomm's shareholders' meeting on March 6. Senate Republican number two John Cornyn, the second in the history, In a letter to Steven Mnuchin, a foreign company controlling a U.S. company through a proxy battle without the approval of the Foreign Investment Commission would be deeply worrisome '.
In addition to the U.S. regulators, the EU also worries Broadcom's acquisition of Qualcomm, fearing that Broadcom may acquire sensitive data from EU users through the acquisition of Qualcomm.