-=Qualcomm (QCOM) : acquisition by Broadcom (AVGO) blocked by President Trump

Qualcomm receives Presidential order prohibiting Broadcom's (AVGO) proposed takeover of Qualcomm; AVGO issues statement 

• Qualcomm (QCOM) received a Presidential Order to immediately and permanently abandon the proposed takeover of Qualcomm by Broadcom (AVGO).
• Under the terms of the Presidential Order, all of Broadcom's director nominees are also disqualified from standing for election as directors of Qualcomm. Qualcomm was also ordered to reconvene its 2018 Annual Meeting of Stockholders on the earliest possible date, which based on the required 10-day notice period, is March 23, 2018. Stockholders of record on January 8, 2018 will be entitled to vote at the meeting.
• Broadcom is reviewing the Order. Broadcom strongly disagrees that its proposed acquisition of Qualcomm raises any national security concerns.

3/14/18: Broadcom (AVGO) withdraws and terminates offer to acquire Qualcomm 

"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 23, 2018."