Trump Blocks Broadcom Takeover Of Qualcomm On National Security Grounds
Posted: 12 Mar 2018, 23:57
In an atempt to block Globalist Merger and Adquisicions. People might wonder why is he is getting his hands on this. He is taking a swing at monopolies. Slowly, manufacturing is getting accumulated by the few, kills competition and the loosing end is the public with subpar products at higher prices. Great move on his part...
President Trump has issued an executive order blocking Singapore-based Broadcom's $117 billion takeover of U.S. chipmaker Qualcomm on national security grounds.
The heated battle for ownership of Qualcomm has ended with a presidential decree barring Broadcom from ever owning the company after CFIUS cited national security concerns with the prospect of such a deal. $QCOM. $AVGO
— David Faber (@davidfaber) March 12, 2018
Additionally, Reuters reports that the Trump order says all 15 candidate directors proposed by Broadcom are disqualified for Qualcomm board.
Read more....
https://www.zerohedge.com/news/2018-03- ... ty-grounds
President Trump has issued an executive order blocking Singapore-based Broadcom's $117 billion takeover of U.S. chipmaker Qualcomm on national security grounds.
The heated battle for ownership of Qualcomm has ended with a presidential decree barring Broadcom from ever owning the company after CFIUS cited national security concerns with the prospect of such a deal. $QCOM. $AVGO
— David Faber (@davidfaber) March 12, 2018
Additionally, Reuters reports that the Trump order says all 15 candidate directors proposed by Broadcom are disqualified for Qualcomm board.
Read more....
https://www.zerohedge.com/news/2018-03- ... ty-grounds