• Broadcom Vote Plan May Set Stage for Battle With U.S. National Security Panel

    If move to become U.S. firm is approved, Singapore company could argue hostile bid for Qualcomm is outside of CFIUS’s jurisdiction

    Singapore-based Broadcom Ltd. said Friday it will ask shareholders to vote on March 23 to approve its plan to redomicile to the U.S., potentially setting the stage for a showdown with the U.S. national security panel reviewing its $117 billion hostile bid for Qualcomm Inc.

    The vote is now set to take place in the middle of a review of the proposed bid by the Committee on Foreign Investment in the U.S., known as CFIUS, a multiagency panel that reviews foreign deals and can advise the president to block them on national security...