New Straits Times

Broadcom ordered to postpone AGM


WASHINGTON: A United States national security panel ordered Qualcomm Inc to put off its March 6 annual shareholde­r meeting (AGM), delaying a long awaited showdown in the company’s attempt to see off a takeover bid by Broadcom Ltd.Separately, Broadcom said the decision was the result of secret moves made by Qualcomm on January 29 to encourage an investigat­ion into the proposed US$117 billion (RM459.81 billion) buyout offer.

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