Broadcom has withdrawn and terminated its offer to acquire Qualcomm and has withdrawn its slate of independent director nominees for Qualcomm's 2018 Annual Meeting of Stockholders.
Broadcom said, "Although we are
disappointed with this outcome, Broadcom will comply with the Order.
Broadcom will continue to move forward with its redomiciliation process
and will hold its Special Meeting of Stockholders as planned on March
thanks the independent nominees who stood for election to the Qualcomm
board, not only for their time and effort but also for their unwavering
commitment to act in the best interests of Qualcomm stockholders.