Deal Snapshot
BROADCOM RECEIVES SECOND REQUEST FROM FTC UNDER HSR ACT FOR PROPOSED ACQUISITION OF QUALCOMM
Monday 22 January 2018

Singapore-based semiconductor device supplier Broadcom Ltd. (NASDAQ: AVGO) has received a request for additional information and documentary material from the Federal Trade Commission in connection with Broadcom's proposed acquisition of US-based chipmaker Qualcomm Inc. (NASDAQ: QCOM), the company said.
The Second Request was expected as a normal part of the regulatory approval process. Second Requests are common in similar transactions, and this signifies that Broadcom is moving into the next stage of the US antitrust review process. The effect of the Second Request is to extend the 30-day waiting period imposed by the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.


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Details
Date Published: 22/01/2018
Target: Qualcomm Inc
Country: USA
Deal Size: 130bn (USD)
Sector: Computer Hardware
Type: Corporate acquisition
Financing: Cash and Stock
Status: Bidding
Vendor:
Buyer: Broadcom Ltd
Buyer Advisor: Moelis and Co , Deutsche Bank , J.P. Morgan , BofA Merrill Lynch , Morgan Stanley , Wachtell, Lipton, Rosen and Katz , Latham and Watkins
Comment:
Braodcom says offer stands, despite Qualcomm rejection

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