Trump blocked Broadcom's USD 117 bn bid for chip maker Qualcomm, citing national security concern.
Donald Trump blocked Singapore-based Broadcom's $140 billion bid for rival US chipmaker Qualcomm on grounds of national security.
Chipmaker Broadcom violated an order from a national security panel in a bid to push for a merger with rival Qualcomm Inc, the US Treasury Department said in a letter.
US stocks advanced, with gains in shares of chipmakers and technology giants helping Wall Street extend last week’s rally that was powered by U.S. jobs data.
Intel Corporation is reportedly mulling a bid for semiconductor company Broadcom, a month after the latter's proposal to takeover rival Qualcomm was rejected.
US national security panel ordered Qualcomm to put off its March 6 annual shareholder meeting, showdown company’s attempt to see off a takeover bid by Broadcom Ltd.
Singapore-based chipmaker Broadcom Ltd, which is seeking to buy rival Qualcomm Inc, plans to complete its move back to the United States by mid-May.
A national security panel that can stop mergers that could harm US security has begun looking at Broadcom Ltd’s plan to take over rival Qualcomm Inc.
In a letter to Broadcom, Qualcomm proposed arranging a meeting focused on price as soon as mutually convenient for both parties.
Qualcomm Inc raised its offer to buy NXP to $127.50 per share from $110, after being pressured by shareholders led by activist hedge fund Elliott Management Corp.
Acquires Cynosure Inc and Cynosure Interface Solutions for $31mn and Rs13cr respectively
To add platform capabilities in the insurance segment which contributes 15% of total business
The Acquisition is expected to close within the next 3 months
Sells Essar Steel loan to Deutsche Bank
Has sold its $385 mn Foreign currency loan extended to Essar Steel
Bank has taken a 38% haircut
Rs 1600 cr is expected earnings to the bank from the deal
Economic Times Reports
To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn
The co is also in discussions to sell its residential and commercial projects in Chennai
To convene shareholder’s meet on 23rd March in regard to the proposed divestment
Gets Order Worth Rs 230 Cr From NTPC
To perform the pressure part metallurgy upgradation for 3 660MW super critical steam generators
Will help NTPC commission the 3x 660MW plant started 12years
Declared L1 bidder for EPC Project in UP worth Rs 677cr from NHAI
The completion period for the project is 30 months