The government committee, which reviews foreign acquisitions of US assets with an eye toward national-security interests, is led by the Treasury Department and includes officials from the departments of Justice, Defense, Homeland Security and Energy.
During a public ceremony at the White House Nov. 2, Broadcom CEO Hock Tan announced to President Donald Trump and others that he would be moving his company to the U.S. That announcement came as CFIUS was reviewing another merger proposal, Broadcom's bid to purchase Brocade Communications Systems. Broadcom had two meetings on February 14, 2018 and on February 23, 2018 with Qualcomm.
Previously, Broadcom has said it would walk away from its $79 per share offer to acquire Qualcomm should the annual meeting be delayed past March 6.
Broadcom had not claimed that it was surprised by the CFIUS investigation, but that it had not known that Qualcomm's voluntary request was behind the probe.
Broadcom's attempted takeover of Qualcomm, initially unveiled in November, would be the largest technology deal in history, creating an industry giant whose products would be in a majority of the world's smartphones.
Qualcomm Chief Executive Officer Steve Mollenkopf has so far received the second-lowest number of votes among the combined 17 nominees from both sides, according to the data seen by Bloomberg.
Separately, Broadcom said on Monday that the decision by CFIUS was the result of secret moves made by Qualcomm on January 29 to encourage an investigation into the offer, which Qualcomm's board has said significantly undervalues the company.
The two companies are locked in a battle over the future of Qualcomm, whose board and management say Broadcom's offer is a gambit to steal the company on the cheap.
Broadcom is incorporated and now based in Singapore, but CEO Hock Tan announced late past year while visiting President Donald Trump at the White House that the company would return its corporate headquarters to the US, likely using San Jose as a base.
Shares of Qualcomm (qcom) lost nearly 2% to hit $63.71 in midday trading on Monday and remain well below Broadcom's offer price.
Australia's deputy Prime Minister resigns
Joyce had then hit back, describing Turnbull's remarks as " inept " and "completely unnecessary". Joyce has faced weeks of pressure to quit, from the public and even within his own party.
Auto bomb in Afghan capital kills young girl, wounds 19
Earlier, Danish had said the explosion took place "in" the vehicle, which he initially said belonged to an global contractor. Interior ministry spokesman Najib Danish said the cause of the explosion was a vehicle bomb in the city's Qabl Bai area.
London's Cold Snap Left 20000 Homes Without Running Water
Councillors at the Kent flood risk management meeting today criticised South East Water for its handling of the situation. It is estimated 5,000 homes in the county have had their supply cut off following the extreme changes in temperature.
EMIs set to rise as SBI, others hike lending rates
It can be noted that the lender has in the past three months also revised upwards its bulk term deposit pricing in as many months. Like SBI, starting March 1, ICICI Bank and PNB increased their MCLR but by a slightly lower magnitude of 15 basis points.
Critically ill man 'former Russian spy'
British media say a former Russian spy is in critical condition on Monday after being exposed to an "unknown substance". They were taken to Salisbury District Hospital and are being treated for suspected exposure to an unknown substance.
Oosthuizen leads WGC Mexico Championship
Thomas, who is fresh off his eighth Tour victory last week at the Honda Classic, couldn't say the same thing. Chris Paisley might need to win the WGC-Mexico Championship before he gets his due recognition.