The job of moving back to the United States registered with the registrar is lik
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According to sources familiar with the situation, Broadcom, a Singapore based chip manufacturer, plans to move back to the US by mid May. (AVGO.O) Bon is looking for a takeover of rival Qualcomm (QCOM.O).
In November 6, 2017, the corporate logo of the California, Bo Tong Park, USA. REUTERS/Mike Blake
If we can quickly complete the work of moving the registered office back to the United States, or eliminate the doubts of the US Foreign Investment Review Committee (CFIUS), we will break the stalemate of the acquisition plan. CFIUS has the right to suspend transactions that they think may harm the security of the country.
Last November, he said he would move back to the United States, but it did not specify the time.
The transfer plan will be voted by the stockholder in May 6th and will have to be approved by the court. A person familiar with the situation said, once the work is completed as scheduled in early May to mid month, migration can be started quickly.
The source added that the whole process could be completed at the earliest in mid May.
Originally an American company, Bo Tong was bought by the Singapore company Avago in 2016, and Avagob decided to use the old name Bo Tong.
Although Broadcom plans to return to the US, CFIUS has expressed interest in the proposed transaction, because Broadcom has nominated six directors for the 11 board of Qualcomm. The nomination list will be voted on Tuesday.
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